FedDev Ontario investment helps North York-based fabricator expand into next-generation telecommunications and 5G markets
Nearly $850,000 for Candor Industries Inc. to implement first-in-North America manufacturing abilities, further adopt environmentally-conscious practices and create 15 jobs
May 20, 2021 – North York, Ontario
As Ontario’s economy evolves from the impact of COVID-19, many manufacturers in the region are embracing technology to seize new opportunities, become more productive and stay competitive. The Government of Canada continues to make investments in leading manufacturers to protect and create jobs and set the course for long-term growth, while making industries cleaner and the economy greener along the way.
Today, Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages), announced a FedDev Ontario repayable contribution of nearly $850,000 for Candor Industries Inc. (Candor), to scale up and expand operations and create 15 highly-skilled jobs.
Candor is a leading fabricator of complex Printed Circuit Boards (PCBs), which allow signals and power to be routed between devices used in everyday life, such as blood sugar monitors and remote controls. Candor is experiencing increased demand from clients in the technology, medical device, telecommunications and aerospace sectors for nanotechnology and semiconductor packages required for the high performance of new devices.
With FedDev Ontario support, the company will take on new, first-in-North America PCB manufacturing, including green laser-cutting/drilling, induction lamination, bonding and direct imaging. Adopting new state-of-the-art equipment and technologies will increase output, speed and cleanliness, and add accuracy in its drilling and cutting processes. As a result, Candor will be able to produce higher complexity products for next-generation telecommunications and 5G markets, strengthening its position as an industry leader. Additionally, Candor will significantly reduce its scrap waste and use of environmentally-harmful chemicals, and increase energy efficiency in its lamination process by 80 percent.
FedDev Ontario’s investment will also leverage an additional $1.9 million in private sector funding and boost local supply chain spending.
“The far-reaching results of FedDev Ontario’s investments can be seen in businesses like Candor Industries that are successfully weathering COVID-19 and building resilience for the future. By scaling up to achieve state-of-the-art and energy-efficient processes, Candor will reach new global markets, and not only protect, but also create highly-skilled jobs in the region.”
- Marie-France Lalonde, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario and Official Languages)
“I am proud to see long-standing local manufacturers, like Candor Industries, seize new global market opportunities by scaling up to serve the next-generation telecommunications and 5G markets, while increasing efficiency and environmental safety. FedDev Ontario’s investment will allow Candor to add 15 high-quality manufacturing jobs here in North York and strengthen supply chain spending in southern Ontario.”
- Ya’ara Saks, Member of Parliament for York Centre
“This investment represents a step forward in fortifying Canada’s position as a leader in manufacturing, while doing what is necessary to accelerate the transition to net zero future. Our government is working hard to make the necessary investments to give Canadians jobs, help Canada build capacity and stay at the forefront of technology as we build back better.”
- The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“Since 1978, shortly after I immigrated to Canada, I have been in the Printed Circuit Board industry. The journey since has been the Canadian dream. I am proud of how far our Candor team has come, and how we are making a difference in Canadian manufacturing. Thank you to the Government of Canada for the strong support. With programs through FedDev Ontario, you allow Canadian manufacturers to stand out globally, and support not only our local original equipment designers, but global research and development.”
- Yogen Patel, President, Candor Industries Inc.
Founded in 1999, Candor Industries’ PCB manufacturing processes are recognized as environmentally friendly due to their limited use of harmful chemicals, such as formaldehyde, ammonia and tin-lead, which are commonly used in conventional PCB manufacturing practices.
Candor continues to push the envelope of PCB manufacturing through continuous R&D, leading both customers and the industry to a brighter future.
FedDev Ontario is also supporting Candor in its work to establish partnerships with institutions across southern Ontario to leverage industry expertise and standardize PCB processes and policies, including those in the private and public sector, as well as post-secondary institutions across the province.
Canada’s regional development agencies are on the ground helping businesses weather the effects of the pandemic. With the measures recently proposed in Budget 2021, FedDev Ontario will continue to be a trusted partner delivering targeted support for economic recovery in southern Ontario.
Additionally, today’s investment aligns with priorities outlined in Budget 2021, a plan for a green recovery that fights climate change, builds a net-zero economy by investing in world-leading technologies that make industry cleaner, helps Canada reach its goal of conserving 25 per cent of our lands and oceans by 2025, and creates good middle-class jobs in the green economy along the way.
Since November 2015, FedDev Ontario has invested nearly $490 million in 240 manufacturing projects and over $160 million in over 85 clean tech projects across southern Ontario.
Press Secretary, Office of the Minister of Economic Development and Official Languages
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