January 25, 2017
Ontario Supporting Advanced Manufacturing in Belleville – Ontario is partnering with Triangle Fluid Controls Ltd. to help invest in new technology and grow its business, creating 10 new jobs and retaining 25 positions in Belleville. Triangle Fluid Controls manufactures high-performance sealing gaskets and is a leading Canadian distributor for control valves used in industrial equipment and piping systems that handle fluids or gasses.
With support from the Eastern Ontario Development Fund, the company is adding 12,600 square feet to its facility and purchasing new production and laboratory testing equipment. This will enable Triangle Fluid Controls to expand its product range and increase its export business. Investing in Eastern Ontario businesses is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Ontario is investing $186,000 from the Eastern Ontario Development Fund for this project, supporting an additional investment of $1,673,705 from Triangle Fluid Controls, for a total value of $1,859,705. The project is expected to be completed by the end of 2020.
- Since 2013, the Eastern Ontario Development Fund and the Southwestern Ontario Development Fund have helped to create and retain more than 36,500 jobs and attracted approximately $1.73 billion in investment. The funds cover up to 15 per cent of eligible project costs, with the recipient company funding the remainder from its own resources.
- Ontario is accepting applications for the Eastern Ontario Development Fund from qualified businesses that are growing and creating jobs. Sectors eligible for the fund include advanced manufacturing, food processing, life sciences, information and communications technology, tourism and cultural industries.
- Ontario’s five-year, $400-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale up and modernizing regulations for businesses.
“Technology is advancing relentlessly across every sector of the economy and it’s imperative that Ontario companies re-invest continually to remain competitive. Our government is working to create the streamlined business climate and growing economy that supports companies to innovate, grow and create jobs.”
Minister of Economic Development and Growth
“Innovative and ambitious companies like Triangle Fluid Controls are creating jobs and exporting Ontario-made technology and know-how around the world. Our government will continue partnering with local businesses to build a stronger, more inclusive economy in eastern Ontario.”
MPP for Northumberland—Quinte West
“Today’s announcement signals an exciting new phase of growth and product development for Triangle Fluid Controls. Through a combination of ongoing R&D, precision manufacturing and advanced materials, our Belleville team offers innovative solutions for our customers worldwide whose success depends on the reliable performance of their equipment and piping systems.”
President, Triangle Fluid Controls
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