Prince Edward Island – Prince Edward Island (PEI) is home to some of Canada’s most innovative and export-driven industries, including aerospace. As part of our long-standing support for a strong aerospace sector, the Government of Canada is making investments that will foster innovation and help create well-paying local jobs.
Anita Anand, Minister of Innovation, Science and Industry, announced that the Government of Canada is working with MDS Coating Technologies Corporation, through the Strategic Innovation Fund, to support its proposed $100 million project to expand its facility on Prince Edward Island, doubling its capacity.
MDS Coating Technologies employs approximately 100 employees and is one of the largest manufacturing employers in PEI.
The Province of PEI is also providing a $7 million loan.
These investments will enable the company to manufacture environmentally friendly nano‑coating technologies for aircraft engine compressor blades and fan blades. MDS’s coating technologies are designed to improve performance and reduce fuel consumption and engine degradation, resulting in reduced maintenance costs and lower carbon emissions.
This partnership aligns with the government’s commitment to Islanders to build a stronger economy that is competitive in a carbon-neutral world.
“Our government is building a strong economy while accelerating the green transition of the aerospace industry. By partnering with MDS, we are strengthening Canada’s aerospace supply chain while creating well-paying local jobs for Islanders.” – Anita Anand, Minister of Innovation, Science and Industry
