Etratech seeks to boost productivity via FedDev investment
Burlington ON-based contract electronic manufacturer Etratech Enterprises Inc. is now planning to acquire and install new state-of-the-art equipment and adopt new technologies, based on the injection of $500,000 investment from FedDev Ontario.
“Companies need to embrace investments in technology like never before, including companies in traditional sectors using new technologies to reach their full potential,” according to Karina Gould, Member of Parliament for Burlington, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario. Etratech Enterprises specializes in the design, development and manufacture of advanced electronic controls and control systems for the automotive sector, along with other industries.
Integrating innovative production technologies and processes
By integrating innovative production technologies and processes, including Surface-Mount Technology equipment and a new component traceability system, Etratech Enterprises will aim to increase efficiencies, diversify product offerings, enhance product safety and boost productivity.
“Government of Canada support is helping Etratech expand into global markets to increase our export sales and add to our headcount at our Burlington-based facility. With this FedDev investment, we are well positioned to continue this sales growth both domestically and internationally,” says Etratech president and CEO Michael Desnoyers.
Fulfill recently acquired production contracts
This investment will help the company fulfill recently acquired production contracts with Stoneridge Inc. which will provide parts to General Motors. The project is also expected to strengthen southern Ontario’s automotive supply chain by adding capacity to develop and produce electronic control components, as well as enhance southern Ontario’s competitive position as a global supplier of electronics to the automotive sector.
The repayable contribution of up to $500,000, toward a total project cost of $2 million, is being provided through FedDev Ontario’s Investing in Business Growth and Productivity initiative. This project is expected to create up to 25 full-time equivalent jobs.
Established in 1989, Etratech focuses on servicing the automotive sector and remains one of the few electronic manufacturers in Canada to receive the IS/TS 16949 certification. Etratech also operates Etratech Asia-Pacific Limited in Shenzhen PRC.