February 11, 2014
Ontario is helping Andritz Hydro Ltd. open a new manufacturing facility while creating 13 new jobs and retaining 35 jobs in Peterborough.
Andritz makes equipment used in both new and refurbished hydro-electric generating stations. With support from the Eastern Ontario Development Fund, the Austria-based company is opening its first manufacturing facility in the province. The company has an existing engineering design and sales office in Peterborough (the 35 existing positions), which will become part of the new location.
The Eastern Ontario Development Fund is driving job creation and business growth, and was the model for the successful Southwestern Ontario Development Fund. Together, these two funds have strengthened local economies by creating and retaining more than 24,000 jobs.
Creating local jobs and growing the economy is part of the government's economic plan to invest in people, build modern infrastructure and support a dynamic and innovative business climate.
“Ontario is among North America’s manufacturing leaders, offering expertise at every step of the value chain, from R&D, through to advanced production. It’s great news that Andritz will be able to take full advantage of the province’s manufacturing strengths and another example of how the Eastern Ontario Development Fund is strengthening local economies.”
— Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment
“I’m delighted that Andritz is taking its Peterborough operations to the next level—adding manufacturing capacity alongside its engineering and sales functions. I thank the company for its ongoing confidence in our community and am pleased our government has the opportunity to be a partner in this important expansion.”
— Jeff Leal, Minister of Rural Affairs and MPP for Peterborough
“With the opening of our new Peterborough production facility, Andritz Hydro looks forward to providing our customers with an enhanced and further-integrated suite of products and services. Our continued focus on innovation and industry-leading reliability and quality is matched only by our longstanding commitment to hydropower as an economical and environmentally friendly form of energy generation.”
— Daniel Carrier, Vice President Operations, Andritz Hydro Ltd.
Find out if your business qualifies for the Eastern Ontario Development Fund.
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