Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced an investment of over $3.5-million towards the growth of Fero International Inc, a manufacturing company based in Stoney Creek that provides cost-effective and rapidly deployable modular solutions for the healthcare, housing, long-term care and educational sectors, among others.
With this support, Fero will increase its in-house manufacturing capabilities to grow production of its modular infrastructure for the healthcare and life-sciences sector. These modular buildings can be used as labs, outpatient clinics, operating rooms, long-term care centres, and healthcare-related housing, among others, to help meet the additional space demands outside of hospital settings.
“Southern Ontario’s manufacturing industry is a key contributor to Canada’s economy. Our government is investing in the people that make it possible. Investments in manufacturers, like Fero International Inc., are supporting new, affordable, made-in-Canada solutions to hospital capacity issues and will ensure a healthy future for generations,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
As a result, Fero will provide quick and sustainable alternatives to brick-and-mortar medical infrastructure that will reduce delivery times and support vulnerable populations in Canada and abroad. In addition, the project will also boost local supply chains and create 50 skilled jobs in the region.
“We are extremely grateful to the Government of Canada for both investing in Fero and believing in a new Canadian innovator. The investment is giving Fero the ability to scale its business and operate in the largest modular manufacturing plant in Canada, where it develops cutting-edge modular infrastructure solutions. We look forward to working with the government to help them achieve their ambitious goals of finding fast and innovative solutions to varying infrastructure crises,” said Sabrina Fiorellino, CEO, Fero International Inc.
“Today’s investment is important news for the Hamilton region as we support our very own Fero International which is creating new spaces outside of traditional brick-and-mortar settings through its hospital-grade modular medical units. This project will also be creating 50 good jobs across the region,” said Chad Collins, MP for Hamilton East–Stoney Creek.
“Through Government of Canada investments, like the one for Fero International today, we are helping position the Hamilton region as a leader in the manufacturing industry while also providing innovative solutions to support our healthcare sector,” said Lisa Hepfner, MP for Hamilton Mountain.
Featured image: (Government of Canada)
