FedDev Ontario supports next generation of power delivery across North America
News release
$3 million for Vaughan manufacturer to adopt innovative clean technology, scale up production and create more than 30 skilled jobs
July 12, 2019 – Vaughan, Ontario
Today, Deborah Schulte, Member of Parliament for King–Vaughan, announced a FedDev Ontario contribution of $3 million to help Northern Transformer Corporation (NTC) innovate the way its power transformers are manufactured by adopting innovative clean technologies that will result in a reduced environmental footprint. This announcement was made on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario.
NTC is a fast-growing designer, manufacturer and tester of power transformers used by energy infrastructure clients in the utilities, renewable energy and industrial markets.
FedDev Ontario’s contribution will allow NTC to retrofit its 105,000-square-foot facility in Vaughan with new, state-of-the-art equipment and to adopt first-in-Ontario ‘vapour phase drying’ technology in its manufacturing processes. This innovative clean technology performs better than conventional heating processes. It offers significant energy savings and the efficient removal of humidity, which means the company’s next generation power transformers will work more efficiently and have a longer lifespan.
Additionally, this project will enable NTC to reduce its processing time and increase production volume, helping the company respond to strong market demand for the replacement of power transformers that are approaching the end of their lifecycle. The project will also help the company to gain market share of the North American energy infrastructure sector and the emerging renewable energy sector.
Through this project, NTC expects to create 32 new skilled manufacturing and engineering jobs in Vaughan, and expects to purchase over $140 million in materials over the next decade from local supply chain partners across southern Ontario.
Quotes
“Today’s announcement is very positive news for the Vaughan region. This FedDev Ontario investment will benefit the manufacturing sector for the region by supporting the growth of an innovative local company. As Northern Transformer Corporation scales up its operations and expands to new markets, this will translate to economic growth for local suppliers in the region and growth of skilled employment in Vaughan.”
- Deborah Schulte, Member of Parliament for King–Vaughan
“Today’s investment in Northern Transformer Corporation builds on our competitive advantages, as it is supporting a high growth manufacturer to expand its operations and adopt innovative clean technologies. Overall, this project will increase competitiveness in key sectors, boost economic growth and create good jobs, while contributing to a healthier environment for Canadians.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“This FedDev Ontario investment gives us additional resources to accelerate our expansions plans and serve our clients with the highest quality power transformers at even higher ratings. We are delighted to be increasing our skilled employment and capabilities for the vital electricity generation, transmission and distribution sector.”
- Alexei Miecznikowski, Chief Executive Officer, Northern Transformer Corporation
Quick facts
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Power transformers are liquid-filled electric devices that transfer energy between two or more circuits.
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Established in 1981, Northern Transformer Corporation (NTC) has supplied over 500 power transformers to the North American utility market, for clients including Hydro One, Fortis, Alectra Utilities and Next Era Energy Resources.
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Since 2012, NTC has more than tripled its workforce from 24 to 97 full-time employees. In 2016, the company relocated all of its operations, including research and development, design, production and testing, to its new Vaughan facility.
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FedDev Ontario's repayable contribution of up to $3 million is towards NTC’s total project cost of nearly $11.7 million.
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This year marks 10 years of FedDev Ontario delivering funding and business services to support innovation and growth in southern Ontario.
Associated links
Contacts
Media Relations
FedDev Ontario
416-954-6652
fdo.mediarel-relmedias.fdo@canada.ca
Toll Free: 1-866-593-5505
Website: www.FedDevOntario.gc.ca
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