MISSISSAUGA, ONT. — Cyclone Manufacturing has announced plans to create 80,000 square feet of new production space at its Mississauga, Ont. facility with a longer-term goal of building a new facility.
Cyclone will invest $59.69 million of its own capital and the provincial government will contribute $5.19 million through the Jobs and Prosperity Fund as an investment in new technology and to expand the plant, notes an Aug. 9 media statement.
The spending will create 132 new jobs and retain 554 current positions, said Cyclone.
Cyclone Manufacturing makes precision components for the aerospace industry, with services including machining, sheet metal fabrication, tube bending/welding, assembly and final processing and finishing.
The company’s customers include Bombardier, Spirit, Airbus, Boeing, Israel Aerospace Industries, Triumph, Lockheed Martin and AIDC.
Besides the expansions, the company will enhance its Computer Numerical Control production capabilities, invest in new equipment and set up new process lines to bring work in-house that is currently outsourced, the media statement indicated.
The project is expected to be completed in the fall of 2021.
Cyclone was founded in 1964 and currently operates three plants in Mississauga, a facility in Milton and a facility in Poland.
Other Jobs and Prosperity Fund project investments have been allotted to Thales Canada in Toronto, Mitsui Hi-Tec Inc. in Brantford, Sandvine Incorporated in Waterloo, Huawei Canada in Ottawa, Markham and Waterloo, Superpufft in Mississauga, A. Lassonde Inc. in Toronto, Toyota in Cambridge and Woodstock, Linamar in Guelph, Polycorp in Elora and Legend 3D in Toronto.
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