News

News

For Immediate Release
Cornwall
12/15/2011

 

Ontario Helps Two Cornwall Companies Expand: McGuinty Government Support Leads To New Local Jobs

 

NEWS

Ontario is helping two Cornwall-based manufacturers grow their businesses, invest in cutting-edge equipment and create 26 new jobs while protecting 562 existing positions.

Ridgewood Industries, a ready-to-assemble (RTA) furniture manufacturer, is modernizing its production facilities and providing skilled training for its employees to develop new product lines for the highly-competitive domestic and international RTA markets. The support will help   create 10 new jobs and protect 275 existing positions.

SigmaPoint Technologies Inc. is streamlining its automated assembly line to increase its competitiveness by reducing costs, providing improved turnaround times for customer orders and developing products for new markets, including the medical, defence and aerospace sectors. This project will create 16 new jobs and protect 287 existing positions.

Ontario is providing a strong and stable environment for businesses to grow and create good jobs for families in the face of global economic uncertainty. These new jobs will build upon the 124,800 net new full-time jobs that have already been created in Ontario so far this year alone.

Partnering with local businesses is part of the McGuinty government’s plan to create and support new and existing jobs for Ontario families, and to strengthen local economies.

 

QUOTES

“Ridgewood Industries and SigmaPoint are two great examples of Ontario companies succeeding in a competitive market place.  With the government’s support, these companies are growing their businesses and creating good jobs.  Working together, we are building strong businesses, attracting investment and creating jobs.”
– Brad Duguid, Minister of Economic Development and Innovation

 “This announcement marks the next milestone in the evolution of SigmaPoint.  To succeed in our business, we need to offer our customers the very best in innovative solutions at competitive prices.  That’s what we’re doing and the province has been an important partner in building our skilled team here in Cornwall.”
– Dan Bergeron, President, SigmaPoint Technologies Inc.

“This Ontario Government investment will help improve our operational efficiencies, increase productivity and strengthen our leadership position within the highly competitive ready-to-assemble furniture sector.”
— Barry Blidner, Vice-President/General Manager, Ridgewood Industries

 

QUICK FACTS

  • SigmaPoint provides end-to-end assembly services for highly complex electronic products within computer, telecommunications, medical, defence, industrial, alternative energy and transportation markets.
  • Ontario supported an earlier phase of SigmaPoint’s expansion, with a project announced August 2009 to upgrade skills training and manufacturing equipment. Since then, the company exceeded the initial project’s job creation target and achieved “World Class Lean Six Sigma” – a special global designation reserved for companies excelling in lean, efficient manufacturing.
  • Ridgewood Industries, a division of Dorel Industries Inc., specializes in a wide variety of ready-to-assemble furniture for home and office.
  • In 2010, Ontario was named a top destination for foreign direct investment in North America, second only to California. The province attracted a total of 127 Foreign Direct Investment projects, which created more than 11,200 jobs.
  • As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.

 

LEARN MORE



For more information:

Andrew Block
Minister's Office
416-325-0362

Patrick Imlay
Communications Branch
416-325-6998


ontario.ca/economy-news

Disponible en français

 

 

News

Contacts

Bookmark and Share