Canada, Precismeca Receives $894,000 Loan from Ontario’s Advanced Manufacturing Investment Strategy

Ontario, Canada, is supporting the opening of a new manufacturing facility in southwestern Ontario, which will create approximately 64 new jobs in Wallaceburg when the facility opens in summer 2010.
Precismeca Ltd, a provider of conveyor systems for the mining industry across Canada, the United States and South America, is investing nearly $3m to equip the plant, including a $894,000 loan from Ontario’s Advanced Manufacturing Investment Strategy (AMIS).
The company, which is also relocating to Ontario from Alberta, will use the provincial resources to purchase state-of-the-art equipment and design software. 
Commenting ong the funding, Joe Hartney, President and Chief Executive Officer at Precismeca, said: “Our growth plans depend on attracting and retaining skilled workers, and made relocating to Ontario a sound business decision.
“We are grateful for the support we have received from the province and are excited to becoming part of the Wallaceburg community and economy”.

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