Macrodyne Technologies will create 25 good-paying jobs in Vaughan
VAUGHAN — The Ontario government is welcoming a $5 million investment by Macrodyne Technologies Inc., North America’s largest manufacturer of hydraulic presses and automation systems, equipment used by manufacturers in over 40 industries to shape and mould materials such as metal, plastic, rubber and wood. This investment will be used to purchase the latest manufacturing technology for the company’s facilities in Vaughan and create 25 new good-paying jobs for machine builders, electricians, hydraulic technicians and engineers.
“Since 2018, more than 700,000 jobs have been added to Ontario’s workforce thanks to companies like Macrodyne Technologies,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Through our Regional Development Program, our government is proud to help Ontario manufacturers expand and create more good-paying jobs. Thank you, Macrodyne Technologies, for continuing to innovate and invest in Ontario.”
With their $5 million investment, Macrodyne Technologies will purchase state-of-the-art, technology to expand their product line and add more automation and AI solutions. This new technology will also help the company double production to meet growing demand from customers around the world, including those in the steel and aluminum, automotive, aerospace and pulp and paper industries. As part of this investment, the government is providing Macrodyne Technologies with $750,000 in funding through the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of its Regional Development Program.
“Our consistent growth and innovation are driven by the extensive group of long-term customers who continue to purchase Macrodyne hydraulic presses, press lines, automation and die handling equipment on a repeat basis,” said Kevin Fernandes, President of Macrodyne Technologies. “We are grateful to the Premier, Minister and the Ontario government for supporting our mission in creating and bringing world-class manufacturing technology to Canada and improving skillsets for employees.”
Through the Regional Development Program, Ontario is investing $140 million to help companies like Macrodyne grow. To date, Ontario has provided more than $100 million to support more than 90 projects through the program, leveraging more than $1 billion in new investments and helping to create more than 2,100 jobs in the province. Applications for the latest round of the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program are open until September 14, 2023.