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Fed Dev Ontario, the federal economic development agency, is providing $5 million in loans to three area manufacturers.
Dec 16, 2025 • Last updated Dec 16, 2025 •
London West MP Arielle Kayabaga tours Hydra Dyne Technology with CEO and founder Steve Bohner in Ingersoll on Tuesday, Dec. 16, 2025. Kayabaga was at the plant to make a funding announcement for three Southwestern Ontario manufacturers. (Mike Hensen/The )
INGERSOLL – While the Cami Assembly plant remains closed, three local manufacturers received federal funding on Tuesday aimed at expanding their operations and creating new jobs.
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Fed Dev Ontario is granting $5 million in loans to these businesses as they commit to investing in new equipment and technology.
“This means we can stay competitive in a very competitive space. We supply (manufacturers) in the U. S. and around the world, and it is important we export outside of Canada,” said Stephan Bohner, chief executive of Hydra Dyne Technology, which builds custom hydraulic parts for heavy equipment, much of it in the forestry sector.
“We think in 2026 there will be positive outcomes; right now U. S. manufacturers are reaching out to us.”
John Deere and Komatsu are among the heavy-equipment manufacturers it supplies.
Hydra Dyne will receive $2 million to invest in new equipment. Future Transfer in Tillsonburg, which makes products for the agricultural sector, will receive $2.5 million for machinery and equipment. Melnik Resources in Mount Brydges, which makes steel mounts for various uses, will receive $530,000 to modernize its facility and add a new laser cutter.
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“We know there are challenges with manufacturing in Southwestern Ontario, and to see these companies grow and push forward is very encouraging,” said Arielle Kayabaga, MP for London West, who announced the funding.
“We are here to support them and encourage other companies.”
The announcement took place at Hydra Dyne located in an industrial park across from Cami Assembly plant that produced Bright Drop EV cargo vans before being idled after GM laid off 1,100 workers.
“These are challenging times and we are trying to address what has happened at Cami. It is important to have the support of upper tiers of government to grow manufacturing,” said Curtis Tighe, director of the economic development office in Ingersoll.
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“In light of global trade challenges we’re facing now; this support is welcome. Ingersoll is at the center of Canada’s industrial heartland.”
The Future Transfer employs around 200 people at its Tillsonburg location along with another 300 employees across facilities in Western Canada where it produces agricultural herbicides.
“This will help us create more jobs and help our farmers feed the world,” said Chan Perera , the company’s president.”We’re developing new formulationsandnewtechnologythat’s environmentally friendly.”
Evan Solomon , Ministerof Artificial Intelligenceand Digital Innovationand ministerresponsiblefor the Federal Economic Development Agencyfor Southern Ontario, sayinastatement:
“Southwestern Ontario’smanufacturersaredrivinglocalinnovationandhelpingbuild Canada’seconomy. Byinvestinginadvancedtechnologiesandautomation, wearehelpingbusinesseslike Hydra Dyne Technology , Future Transferand Melnik Resourcesscaleup, strengthensupplychainsandcompete.”
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The announcement took place at Hydra Dyne located in an industrial park across from Cami Assembly plant that produced Bright Drop EV cargo vans before being idled after GM laid off 1,100 workers.
“These are challenging times and we are trying to address what has happened at Cami. It is important to have the support of upper tiers of government to grow manufacturing,” said Curtis Tighe, director of the economic development office in Ingersoll.
This has not loaded yet, but your article continues below.
“In light of global trade challenges we’re facing now; this support is welcome. Ingersoll is at the center of Canada’s industrial heartland.”
The Future Transfer employs around 200 people at its Tillsonburg location along with another 300 employees across facilities in Western Canada where it produces agricultural herbicides.
“This will help us create more jobs and help our farmers feed the world,” said Chan Perera , the company’s president.”We’re developing new formulationsandnewtechnologythat’s environmentally friendly.”
Evan Solomon , Ministerof Artificial Intelligenceand Digital Innovationand ministerresponsiblefor the Federal Economic Development Agencyfor Southern Ontario, sayinastatement:
“Southwestern Ontario’smanufacturersaredrivinglocalinnovationandhelpingbuild Canada’seconomy. Byinvestinginadvancedtechnologiesandautomation, wearehelpingbusinesseslike Hydra Dyne Technology , Future Transferand Melnik Resourcesscaleup, strengthensupplychainsandcompete.”
ndebono
SahrethisarticleinyoursocialnetworkSource link
