Oakville’s Dana Canada is ready to obtain $3 million in funding as a part of a $59 million funding from the feds introduced final month.
Learn extra right here: Oakville’s Dana Canada to profit from NGen funding
MP Anita Anand mentioned the funding with reporters in the present day at Dana’s Oakville plant, positioned at 656 Kerr Avenue.
She was joined by Dana’s Vice President of Energy Applied sciences and the CTO of KA Imaging, a Waterloo-based firm that may even obtain a part of the funding.
“Manufacturing is clearly an necessary a part of any financial system,” stated Anand. “What we have been doing from a federal authorities perspective is partnering with the business to maintain aggressive benefits and to ensure that companies can develop.”
“What we’re doing in the present day right here at Dana in Oakville is to have fun the subsequent spherical of NGen superior manufacturing initiatives with an funding of over $21 million to assist 15 new collaborative initiatives, together with proper right here at Dana.”
Anand stated that $15 million of the funding is allotted to initiatives that assist the commercialization of quantum applied sciences, sensors, networks, or computing, to unravel industrial and societal challenges, in addition to these associated to electrical automobiles (EVs).
For Dana, their funding will go towards creating cooling parts for EVs.
“This EV market is quickly increasing,” stated Anand. “What we have to do is ensure that Canada maintains its aggressive benefit and builds up its provide chain for EVs, and Dana and KA imaging have a major function to play.”
In response to questions from Oakville Information, Anand stated the $3 million is “primarily to develop the enterprise right here at Dana,” and to “make sure that Oakville and Dana are leaders within the EV provide chain.”
Steven Monte, Vice President of Energy Applied sciences at Dana, didn’t explicitly state that the funding would result in extra native jobs however indicated that it might deliver extra of their operations nearer to dwelling.
“Conducting what we will accomplish and wish method into the longer term, truly requires us to go exterior,” stated Monte.
“We outsource into the states and out of doors of Canada, so this growth goes to deliver that course of in-house along with truly enhancing the standard of the product.”
The Dana plant in Oakville is a analysis and growth centre and a prototype pilot manufacturing centre. Monte says the funding means actions which might be at present being outsourced will likely be introduced in-house, particularly, he talked about it might imply deploying high-volume manufacturing.
