# Rex Power Magnetics receives $4M to expand transformer production in Ontario

The federal government invested nearly $4 million for Rex Power Magnetics to add a new transformer production cell at its Concord facility and create a new production line at its new facility in Etobicoke, creating 35 jobs.

- Type: Expansion
- Announced: 2023-09-22
- Where: Concord and Etobicoke, Ontario, Canada
- Value: $3.00M (4.00M CAD)
- Jobs: 35
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Rex Power Magnetics](https://endata.com/companies/72785.md)

## Sources

- [canada.constructconnect.com](https://canada.constructconnect.com/dcn/news/government/2023/09/rex-power-magnetics-gets-4m-to-increase-production-at-ontario-facilities), 2023-09-22: "The federal government has made an investment of nearly $4 million for Rex Power Magnetics to add a new transformer production cell at its current 145,000-square-foot facility in Concord, Ont. and create a new production line at its new facility in Etobicoke."

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