# FBT Inc. receives nearly $4M Canadian government investment for facility upgrade

The Government of Canada invested nearly $4 million in FBT Inc., a precision machine components manufacturer in St. Catharines, Ontario. The investment will fund facility upgrades including robotic and automated solutions to increase production by 75% and create 40 jobs.

- Type: Investment
- Announced: 2023-08-30
- Where: St. Catharines, Ontario, Canada
- Value: $2.95M (4.00M CAD)
- Jobs: 40
- Status: announced
- Capacity: 75 percent increase in production
- Products: precision machine components, parts for EV, defense, semiconductor, power generation
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [FBT Inc.](https://endata.com/companies/72343.md)
- [Government of Canada](https://endata.com/companies/1351.md) (investor)

## Sources

- [canada.ca](https://www.canada.ca/en/economic-development-southern-ontario/news/2023/08/government-of-canada-boosts-domestic-manufacturing-to-enhance-ev-and-semiconductor-supply-chain.html), 2023-08-30: "FBT is upgrading its facility to meet demand from both new and existing clients."
- [plant.ca](https://www.plant.ca/features/niagara-manufacturer-receives-government-of-canada-investment/), 2023-08-31: "Embracing innovation has always been at the core of FBT Inc.’s values."

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