RAMPF Composite Solutions receives $ 2.3 millions from Canada
RAMPF Composite Solutions has received $ 2.3 million from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to foster the sustainable economic growth of Ontario’s aerospace sector.
Larry Fitzgerald, CEO of RAMPF Composite Solutions: “We are very grateful to FedDev Ontario for this investment in the future of our company and our world-class employees. It will allow us to win more business in our existing markets and take advantage of new exciting markets such as urban air mobility, unmanned aerial vehicles, and electric aircraft. At the same time, we will reduce our environmental footprint and create a minimum of 15 additional new jobs in Burlington.”
The international RAMPF Group based in Grafenberg, Germany, which RAMPF Composite Solutions is part of, has announced that it will match the $2.3 million investment by FedDev Ontario over the next two years. With a total investment sum of $4.6 million, RAMPF Composite Solutions is pursuing three main objectives:
- Increase productivity by automating repetitive tasks
- Reduce cycle times to get products to customers faster
- Support higher production volumes
Larry Fitzgerald: “By investing in automation and digitization, we will position RAMPF Composite Solutions to win new business as airframe manufacturers are increasing production rates and looking to develop new aerospace solutions that take advantage of lightweight composites. We are also proud that this investment will enable a future with less CO2 emissions – by designing and manufacturing lightweight composite components and structures, we are accelerating a reduction in fuel consumption today and creating solutions for hybrid and electric transportation in the future.”
The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario:
The aerospace sector here in Burlington and across the region is growing. Businesses are improving their productivity so they can become regional and global leaders and supply their products across the world. Our government knows that when we invest in businesses, they can continue to compete globally, create jobs, and contribute to a strong economy right here in Canada.
Pam Damoff, Parliamentary Secretary to the Minister of Public Safety and Member of Parliament for Oakville North-Burlington: “Today’s investment for RAMPF Composite Solutions, Inc. is great news for Burlington and Canada’s aerospace sector. The project will allow the company to expand into new markets, green its operations, and create 15 jobs locally.”
More than $11 million for three businesses and one organization in the aerospace sector
The Government of Canada, through FedDev Ontario, is providing a total investment of over $11 million through the Aerospace Regional Recovery Initiative (ARRI) for the sustainable economic growth of Ontario’s aerospace sector.
Besides RAMPF Composite Solutions, Nanowave Technologies Inc. (over $4 million) and NWI Precision Tube ULC ($4.5 million) as well as the organization Women in Aerospace-Canada (over $300,000) received funding.
Meet RAMPF at JEC World 2023, hall 5, booth Q13.
