December 17, 2018 – Vaughan, ON FedDev Ontario contributed $3.8 million the expansion project, which allowed Pliteq Inc. to acquire advanced production equipment and adopt new manufacturing activities that boost productivity. Products are now manufactured in-house, instead of being outsourced to other countries. In addition, Pliteq Inc. created 62 skilled jobs.
Today, Francesco Sorbara, Member of Parliament for Vaughan—Woodbridge, visited Pliteq Inc., a manufacturer of acoustic vibration and sound control products made with recycled rubber from used vehicle tires, to see first-hand the new 150,000-square foot facility in Vaughan.
Pliteq Inc. has used 15,000 tons of recycled rubber (approximately three million tires) in this first year of operations, and expects to scale up to 30,000 tons annually by 2021. This translates to approximately six million tires per year that are being diverted from landfills.
“Congratulations to Pliteq Inc. on the opening of its new manufacturing facility here in Vaughan. Locally, FedDev Ontario funding is helping to create jobs, while supporting local supply chains and growth for the clean technology and manufacturing sectors. The Government of Canada is proud to support companies like this one that lead the way with sustainable practices that help build a stronger Canada and promote a globally competitive economy.”
– Francesco Sorbara, Member of Parliament for Vaughan—Woodbridge
“Today’s announcement demonstrates how forward-thinking ideas and practices can drive growth in key industries, while addressing the demand for more sustainable and renewable products and technologies. This project with Pliteq Inc. means well-paying, middle-class jobs for Canadians but, it will also protect and improve the health of Canadians.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and
Minister responsible for FedDev Ontario
“We appreciate the opportunity for Pliteq Inc. to partner with the Government of Canada as we continue to grow our international presence. FedDev Ontario funding is helping to sharpen our competitive edge, expand our intellectual property, add capacity and hire more great people in the Greater Toronto Area.”
– Paul Downey, President and CEO, Pliteq Inc.
• Pliteq Inc., established in 2006 and headquartered in Toronto, is an innovative engineering company dedicated to the design, development and manufacturing of products to solve noise and vibration issues, as well as floor coverings for fitness and athletics, using rubber from recycled car tires.
• FedDev Ontario’s repayable contribution has leveraged $25.36 million from private sector and other government investment.
• This project helps strengthen the supply chain in southern Ontario, as Pliteq Inc. expects to use $11 million in supplies and services annually from local suppliers to operate the new facility.
• FedDev Ontario is now accepting new projects, using a single application form, through three simplified funding streams that have been designed to meet the needs of innovators and job creators. For more information, visit www.FedDevOntario.gc.ca.