Backgrounder: Seven companies modernize and expand to drive growth
Backgrounder
October 23, 2024 · Dartmouth, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)
Fostering competitive, sustainable and inclusive economic growth bolsters regional wealth and improves quality of life for Atlantic Canadians. The Government of Canada, through ACOA, will invest total contributions $6,482,012 to help small and medium-sized businesses in Dartmouth innovate, modernize and become more efficient.
The following six companies are receiving repayable contributions through the Regional Economic Growth through Innovation (REGI) program:
A contribution of $3,000,000 will enable Farnell Packaging Incorporated to purchase and install automated processing and printing equipment to support its expansion plans. This will allow the company, which provides flexible packaging solutions for a number of different industries and sectors, to increase production, realize operational efficiencies, explore new opportunities in export markets, and develop new sustainable and environmentally-friendly packaging solutions.
Ring Rescue Incorporated is receiving a contribution of $950,000 to expand its next-generation device suite. This contribution will accelerate growth in North America and support the company's entry into new European markets, furthering its goal of becoming the global standard of care.
A contribution of $800,000 will enable Sunrise Foods Incorporated to purchase dry storage and automated processing equipment to improve operating efficiencies and expand production capacity. Sunrise Foods currently prepares private label snack foods like cheese and crackers. This project will enable Sunrise Foods to explore new export markets and additional product lines.
Sunsel Systems Manufacturing Corporation (Sunsel) will use a $750,000 contribution to purchase advanced manufacturing equipment to expand production, increase productivity and improve quality control measures. The electronic manufacturing services company uses cutting-edge technology to provide custom solutions for the concept, design and commercialization of equipment manufacturers’ products. The upgrades will help Sunsel meet customer demand, increase sales, reduce waste, and seize new market opportunities.
Ace Machining Limited will receive a $612,330 contribution to acquire advanced manufacturing technology and hire a production manager with specialized skills to increase efficiency, productivity and competitiveness. Ace Machining offers manual and CNC (Computer Numerical Code) machining, fabrication, welding and waterjet cutting to customers across North America. This project will enable the company to scale-up and grow to meet increasing demand.
A $270,000 contribution will enable HFX Steel Framing Solutions Inc. to acquire equipment to produce heavier steel framing for larger high-rise buildings. HFX Steel manufactures and assembles light gauge steel structures in its facility and ships these ready-to-install prefab structures to clients, allowing clients to build homes faster than with traditional methods. The new advanced technology will enable HFX Steel to significantly increase efficiency, reduce costs, and expand its markets.
The following company is receiving a non-repayable contribution through the Regional Economic Growth through Innovation (REGI) program:
Aurea Technologies Inc. is receiving a $99,682 contribution to develop its next-generation wind turbine. Aurea specializes in designing and producing highly efficient personal renewable energy systems. This project will help Aurea explore how its existing products can be further developed for use in the field to support charging larger technologies, positioning the company to expand to new markets.
Related Products
News Release: Seven companies modernize and expand to drive growth
Contacts
Connor Burton
Press Secretary
Office of the Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency
Connor.Burton@acoa-apeca.gc.ca
Lori Selig
Acting Director of Communications
Atlantic Canada Opportunities Agency
902-266-7477 (cell)
lori.selig@acoa-apeca.gc.ca
Joel Rudolph
Chief Operating Officer
Farnell Packaging Limited
902-830-7872
joelr@farnell.ca
Kevin Spencer
CEO & Co-founder
Ring Rescue Incorporated
902-223-2694
kevin@ringrescue.com
Kelvin Sams
President
Sunrise Foods Incorporated
ksams@snaks.com
Julian Taylor
Chief Executive Officer
Sunsel Manufacturing Systems Corporation
902-444-7867
julian.taylor@sunsel.ca
Ron Wallace
President
Ace Machining Limited
902-463-6347
r.wallace@acemachining.ca
Khalid Al-Hammadi
President
HFX Steel Framing Solutions Inc.
khalid@hfxsteelframing.com
902-880-6868
Vanessa Ferguson
Director of Business Development
Aurea Technologies Inc.
902-293-4601
VanessaFerguson@aureatechnologies.com
Stay connected
Follow ACOA on Facebook, X, LinkedIn and Instagram.
Page details
- Date modified: