ST. CATHARINES, ONT. – Heddle Shipyards, the largest ship repair and construction company on the Great Lakes, is getting an investment of over $107 million by the Ontario Government, which will be used to tackle complex Vessel Life Extension (VLE) projects at the company’s Port Weller Dry Docks in St. Catharines, Ont.
VLEs are designed to significantly extend the life of marine vessels. With the $107 million investment, Heddle Shipyards will implement the processes, engineering, training and equipment needed for VLE projects, including on-the-job training for skilled trades and support staff, automated manufacturing technologies and the use of 3D scanning for manufacturing projects, indicates a release. It is expected to create 30 new jobs in the region.
As part of the investment, the government is providing Heddle Shipyards with over $3.4 million through the Advanced Manufacturing and Innovation Competitiveness stream of its Regional Development Program.
Through the program, Ontario is investing $140 million to help companies grow. To date, Ontario has provided more than $110 million to support more than 100 projects through the program, leveraging over $1.2 billion in new investments and helping create more than 2,300 jobs in the province, states a release.