In April, Ancaster based waste water treatment manufacturers Fibracast, received a $10 million dollar loan from the Federal Economic Development Agency for Southern Ontario (FedDev). The loan was awarded so that the company could focus on the production of it's "game changing" water treatment membranes by constructing a new Hamilton based advanced manufacturing facility.
The new technology advanced manufacturing facility will be built in Stoney Creek along Glover Road. The facility will produce new technology water treatment membranes and will be the only company to so in North America.
Fibracast's new Hamilton Facility
The $30 million dollar facility will be 91,000 sq. ft. upon completion and will employ up to 100 Hamilton based workers. The facility will be built on a parcel of employment land within the Red Hill South Business Park.
A timeline of one year is set for the build and it will see the company move out of their current Ancaster Business Park location. At present the company leases their Ancaster based facility.
Red Hill Business Park
The Red Hill Business Park is a 980 acre park located at the junction of the Lincoln Alexander Parkway and the Red Hill Valley Parkway. The park is zoned industrial and offers excellent access to both the Queen Elizabeth Way and Highway 403. The park contained 109 parcels of developable land in 2012.
The City of Hamilton has nine business parks that include a variety of land, buildings and development opportunities.
Fibracast is apart of Burlington based Anaergia group of companies. Their break through technology FibrePlate, will be marketed to customers across North America, Europe and Asia. The membrane technology offers new methods for virus, bacteria and contaminants filtering, while simultaneously improving the economics of implementation and the eco footprint of current water filtration rates. FibrePlate is high performing and cost effective and looks to compete on a global scale for municipal and industrial water and wastewater treatment procedures.
FedDev's Advanced Manufacturing Fund (AMF)
The $200 million dollar fund was introduced in 2013 to support the development of Ontario's manufacturing sector. Officially, "AMF promotes continued growth of Ontario's advanced manufacturing sector by supporting efforts to develop cutting-edge technologies and large-scale activities that will improve processes and increase productivity, establish clusters or global supply chains and collaborate with private sector, and research and post-secondary institutions."
The expansion of companies like Fibracast in Hamilton is essential for Ontario and Canada's manufacturing sector. To read more about how Hamilton continues to become Canada's fastest growing economy click here. And to read more about recent developments in Hamilton click here.