# Heico Canada receives $18M government investment for steel plant upgrades

The Government of Canada is investing $18 million through the Strategic Innovation Fund as part of a $50.7-million project at Heico Canada facilities in Marieville, Quebec, L'Orignal, Ontario, and Ingersoll, Ontario. The project will create 86 jobs and maintain 1,308 more, enabling Heico to diversify its product mix and supply more high-quality wire and wire rod products.

- Type: Investment
- Announced: 2019-08-21
- Where: Marieville, Quebec; L'Orignal, Ontario; Ingersoll, Ontario, Canada
- Value: $38.0M (50.7M CAD)
- Jobs: 86
- Status: announced
- Products: wire, wire rod
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Heico Canada](https://endata.com/companies/41489.md)
- [Government of Canada](https://endata.com/companies/1351.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/minister-garneau-announces-government-investment-in-support-of-quebec-and-ontario-steel-workers-850222402.html), 2019-08-21: "Our government's investment in Heico Canada will help strengthen the competitiveness of the steel sector for years to come"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.