Shell On­tario, profit Canada rises part­ner­son with high­erGE US oil and gas prices

Power Watch India - - DESPATCHES FINANCE -

On­tario, Canada is part­ner­ing with GE Canada by pro­vid­ing a grant of US$20.5 mil­lion for new GE Bril­liant Fac­tory. Ex­pected to be­gin production in early 2018, the fa­cil­ity will pro­duce en­ergy-ef­fi­cient en­gines and other com­po­nents that are used all over the world.

The Wel­land plant will be among the most ad­vanced in GE’s global op­er­a­tions, and the first of its kind in Canada. The plant’s machin­ery and as­sem­bly equip­ment will be fully in­te­grated into a net­work of con­trol sys­tems, sen­sors and soft­ware.

Kath­leen Wynne, Premier of On­tario, said, “GE’s de­ci­sion to in­vest in Wel­land sends a clear mes­sage that our prov­ince has a lot to of­fer. Our gov­ern­ment will con­tinue to strengthen On- tario’s rep­u­ta­tion as a great place to in­vest, so we can bring more jobs and growth to com­mu­ni­ties across our prov­ince.”

“This gov­ern­ment’s top pri­or­ity is to grow the econ­omy and cre­ate jobs. We have a plan to make On­tario the best place in the world to do busi­ness and in­vest­ments like this one from GE serve to show just how much con­fi­dence the pri­vate sec­tor has in that plan. I am so pleased that GE has cho­sen to make its sig­nif­i­cant in­vest­ment here,” Brad Duguid, Min­is­ter of Eco­nomic Devel­op­ment and Growth was quoted as say­ing.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.