Sensor Technology Ltd. is thrilled to announce a transformative investment of over $3,300,000 million in our Collingwood facility, marking a significant milestone in our ongoing commitment to innovation and local economic development. This investment will not only enhance our manufacturing capabilities but also create 11 new, well-paying jobs, contributing to the economic vitality of the Simcoe-Grey region.
A Partnership for Progress
This exciting development has been made possible through a substantial $500,000 investment from the Southwestern Ontario Development Fund, part of the Regional Development Program. We are immensely grateful for the support from the Ontario government, which was announced by Brian Saunderson, Member of the Provincial Parliament for Simcoe-Grey. MPP Saunderson highlighted the importance of such investments in building a stronger Ontario and bolstering local economies through strategic partnerships.
Enhancing Manufacturing and Job Creation
Our investment will introduce more automation into our product designs and manufacturing processes. By integrating innovative technologies and state-of-the-art equipment, we aim to significantly boost our production efficiency. This project not only underlines our commitment to innovation but also ensures that we remain competitive in both Canadian and international markets.
Our CEO, Niru Somayajula, expressed profound gratitude for the government’s support, emphasizing that this funding will allow us to expand our capabilities effectively. “This initiative will refine our business and manufacturing workflows, enhance our export potential, and enable us to increase the quantity and quality of job opportunities,” said Somayajula.
Looking Ahead
At Sensor Technology Ltd., we are proud to make a significant impact in our community and contribute to our province’s dynamic and growing manufacturing sector. We look forward to the continued growth and success that this investment will bring, not only to our company but also to the community of Collingwood and beyond.
April 22 2024 – MPP Brian Saunderson Sensor Tech MEDCJT
Source : Press Release from of Brian Saunderson – Steve Cassar, Communication & Media Manager
