Sumitimo Precision Products, a Japanese company dating back to 1961 that manufactures everything from hydraulic controls and environmental systems to micro technology (such as silicon etching systems), announced last fall that it would be opening a new facility in Mississauga that is set to become the headquarters of the company's aerospace division. And this month came news of progress on that front: the Mississauga site is now set to hire for 50 new positions with the help of the provincial government.
Ontario is providing SPP Canada Aircraft with a loan of $3.25 million. SPP is investing about $50 million in the facility overall.
Shinichi Nakamura, president of SPP Canada, highlighted the existing knowledge base in aerospace technology and manufacturing in Ontario when making this recent announcement. SPP's Mississauga facility will focus primarily on landing gear.
According to the Ministry of Economic Development and Trade, about 40 per cent of the world's commercial landing gear is manufactured in the province. This has ripple effects on other local manufacturers. SPP currently sources about a third of its component parts for landing gear systems in Ontario, a number that will grow as this new facility hits its stride.
"From this base," Nakamura said in a press statement, "Sumitomo looks forward to offering an expanded suite of products and services to our North American aerospace customers."
Among the positions
SPP is seeking to feel are logistics experts, procurement specialists, and account managers.
Writer: Hamutal Dotan
Source: Ministry of Economic Development and Trade