100 aerospace jobs coming to Summerside
Published on November 5th, 2010
The precision machining operations of TFL Technologies of Cornwall, P.E.I. and sister company Tube-Fab Limited of Toronto will consolidate their operations in a new and expanded facility in Summerside with support provided by the federal and provincial government.
The Government of Prince Edward Island through the Department of Innovation and Advanced Learning is supporting the project with a five-year, $1.2 million repayable demand loan secured by assets of the Company. The Atlantic Canada Opportunities Agency has invested $227,500.
TFL Technologies has been an employer in P.E.I.'s aerospace sector for 30 years.
The Provincial loan will be used in conjunction with a commercial lender to support the expansion of the business in Prince Edward Island, and ACOA’s investment will help TFL Technologies (2010) Ltd expand their product offering to include Non-Destructive Testing (NDT).
TFL Technologies currently employs 20 staff in Cornwall. Over the next year, they will be transitioned to the expanded operation in Summerside, where the new operation will grow to approximately 100 employees.
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