Published: juin 19, 2023
The Government of Prince Edward Island and the Atlantic Canada Opportunities Agency (ACOA), on behalf of the Government of Canada, are investing in MDS Coating Technologies’ (MCT) facility expansion which will also create well-paying jobs for highly skilled workers in the province.
MCT is the winner of multiple awards in innovation and clean technology, which has helped their global aerospace clients reduce fuel consumption and improve their carbon footprint. The company is receiving $10.4 million in joint financial support to build a 15,000 square foot addition to its Slemon Park location where up to 20 new workers are expected to join their team.
The Government of Canada, through ACOA, is contributing $2.9 million to assist MCT with the purchase of state-of-the-art equipment for 3D metal printing, cleaning, and coating to increase production for growing commercial demand.
The provincial investment of $7.5 million, which includes a non-repayable grant of $500,000 from Innovation PEI, will also go towards the purchase of specialized aerospace equipment to allow MCT to meet growing demand for their advanced coating technology solutions.
Provincial and federal governments will continue to partner with industry leaders like MCT to help grow the Island economy through job creation, innovation, and increased export growth opportunities.
Quotes:
“There’s no question that the aerospace industry in Prince Edward Island is making its mark on the world stage. The coating technology MCT has developed right here in PEI over the years has helped their multinational clients work faster and better, and our investment into MDS today is our vote of confidence that they will continue to be an integral part of the Island economy as global aerospace industry leaders.”
– Hon. Gilles Arsenault, Minister of Economic Development, Innovation and Trade
“The innovative work we are seeing from MDS Coating Technologies is fueling the local economy and is already driving positive environmental change around the globe. This funding will further propel the greening of the aerospace industry and bring new high-skilled jobs to our region, and we are proud to offer our continued support.”
– Bobby Morrissey, Member of Parliament for Egmont, on behalf of the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for the Atlantic Canada Opportunities Agency
“This support will be a catalyst for MDS Coating to transition cutting-edge technology into new markets. Our growth will directly stimulate the local economy by creating additional skilled jobs in the clean technology and advanced manufacturing sectors in Prince Edward Island.”
– Adam Casey, Vice-President of Operations, MDS Coating Technologies