Vaughan-based Macrodyne Technologies makes $5M commitment to manufacturing jobs

Company will get provincial help with purchase of latest manufacturing technology for facility and create 25 new jobs

Yorkregion.com
Aug. 28, 2023
Brian Capitao

Macrodyne Technologies is committing to $5 million in the manufacturing sector in Ontario.

Macrodyne Technologies is 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.

As part of the commitment, the government of Ontario is providing Macrodyne Technologies with $750,000 in funding through the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the Regional Development Program.

The stream was launched back in 2022 to support Ontario advanced manufacturing across the province in the automotive, aerospace, chemical, life sciences and steel sectors.

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.

“Thornhill is a hub of innovation. I am proud of our government for investing in Ontario Made manufacturing, and helping our local manufacturers lower costs, invest in workers, innovate and become more competitive,” said Laura Smith, MPP for Thornhill.

Mayor Steven Del Duca put out a statement on X (the platform formerly known as Twitter) in support of the move.

“This new funding is a testament to the strength of Vaughan’s advanced manufacturing sector and the innovative spirit of our thriving business community,” said Del Duca.

“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.

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 Sept. 14.