Northern Transformer Company wins $3 million investment
Northern Transformer Corporation (NTC) has won $3 million in investments from FedDev Ontario, in order to improve its manufacturing process.
NTC design, manufacture and test power transformers used by energy infrastructure clients in the utilities, renewable energy and industrial markets.
The contribution was announced by Deb Schulte, member of Parliament for King–Vaughan on behalf of Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario.
The contribution will allow NTC to retrofit its 105,000-square-foot facility in Maple with new, state- of-the-art equipment and to adopt first-in-Ontario “vapour phase drying” technology in its manufacturing processes, a FedDV released said.
This innovative clean technology performs better than conventional heating processes.
It offers significant energy savings and the efficient removal of humidity, which means the company’s next generation power transformers will work more efficiently and have a longer lifespan.
Additionally, this project will enable NTC to reduce its processing time and increase production volume, helping the company respond to strong market demand for the replacement of power transformers that are approaching the end of their life cycle. The project will also help the company to gain market share of the North American energy infrastructure sector and the emerging renewable energy sector.
Through this project, NTC expects to create 32 new skilled manufacturing and engineering jobs and expects to purchase over $140 million in materials over the next decade from local supply chain partners across southern Ontario.
“This FedDev Ontario investment gives us additional resources to accelerate our expansions plans and serve our clients with the highest quality power transformers at even higher ratings,” said Alexei Miecznikowski, NTC’s CEO.
“We are delighted to be increasing our skilled employment and capabilities for the vital electricity generation, transmission and distribution sector.”
Source: York Region