FedDev Ontario support to boost competitiveness of rural metal manufacturer
Nearly $1.5 million to scale up production capacity, meet growing demand, and strengthen Ontario’s supply chain
August 19, 2019 - Fergus, Ontario
Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, announced a FedDev Ontario contribution of nearly $1.5 million to support the growth and market competitiveness of Wellington Perforated Sheet & Plate Inc. (WPSP), a Canadian manufacturer and distributor of perforated metal sheets and plates used in noise reduction, construction and filtration.
With FedDev Ontario support, WPSP will install new equipment, featuring a 500-tonne advanced perforating press with a complete finishing line, which will cut production lead-time in half. The addition of a new degreasing line will also allow the company to reduce its environmental impact and a new laser cutter will increase capabilities and allow the company to reach new markets.
As a result of this project, the company will be able to scale up its in-house production capabilities and diversify its product offerings to expand to new markets and better meet growing demand, specifically in the agriculture, architecture and mining sectors. Additionally, this project will support the creation of up to five full-time skilled manufacturing jobs in Fergus, and will lead to increased supply chain spending across Ontario.
This project supports the Government of Canada’s Innovation and Skills Plan, and the priorities of the Economic Strategy Table on Advanced Manufacturing, by supporting technological change in advanced manufacturing to strengthen this vital sector.
“Our government is proud to support the expansion plans of Wellington Perforated Sheet & Plate Inc.—a forward-thinking manufacturer that is committed to scaling up operations to attract business from new markets. Through FedDev Ontario’s investment, we are creating more opportunities to drive growth and create jobs in the rural community of Fergus.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“We are proud that our government is taking such great interest in our efforts to grow the manufacturing base here in southwestern Ontario. Wellington Perforated is committed to investing in the most innovative production methods available. We intend not only to bring increased jobs directly inhouse, but also to support local industries with high-quality, lower-cost products, which will help to grow the entire regional economy.”
- Brent Renton, President and Founder, Wellington Perforated Sheet & Plate Inc.
Established in 1995, Wellington Perforated Sheet & Plate Inc. manufactures various types of perforated metal sheets and plates such as mild steel, galvanized steel, stainless steel and aluminum. Perforated metals are used in the noise reduction and silencer industry, such as in airports, and are also used in construction, filtration and food processing equipment.
Wellington Perforated Sheet & Plate Inc. was named one of Canada’s Top 500 Fastest-Growing Companies for 2018 by Canadian Business magazine due to its significant revenue growth in the last five years.
FedDev Ontario’s repayable contribution of up to nearly $1.5 million will leverage more than $2.8 million in private sector and other investment toward the total project cost of nearly $4.3 million.
Recognizing the vital role rural communities play in the region’s economy, FedDev Ontario has dedicated an initial $100 million for projects that drive innovation and growth in rural communities.
Toll Free: 1-866-593-5505
Report a problem or mistake on this page
- Date modified: