# Cymat Technologies launches $2M plant optimization program in Mississauga

Cymat Technologies announced a $2 million capital investment program to upgrade and modernize its Mississauga, Ontario plant, aiming to increase output to approximately $75 million and deploy automation.

- Type: Investment
- Announced: 2021-10-18
- Where: Mississauga, Ontario, Canada
- Value: $2.00M
- Status: announced
- Capacity: output to approximately $75M (on a staged basis)
- Products: aluminum foam (SmartMetal)
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Cymat Technologies Ltd.](https://endata.com/companies/16033.md)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/cymat-announces-senior-management-addition-and-intiates-plant-optimization-capital-investment-program-811450028.html), 2021-10-18: "The Company will invest approximately $2M, for which it is currently well capitalized to execute, to upgrade and modernize its Mississauga Ontario plant and to facilitate various R&D/product development initiatives."

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