February 2, 2024 – Stoney Creek, Ontario
Growing the economy and making life more affordable for Canadians are the top priorities for the Government of Canada. That is why we are investing in local manufacturers that are creating innovative solutions to support our most critical sectors, including healthcare and housing, as quickly as possible.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Chad Collins, Member of Parliament for Hamilton East–Stoney Creek; and Lisa Hepfner, Member of Parliament for Hamilton Mountain, announced an investment of over $3.5-million towards the growth of Fero International Inc.. Fero is a woman-led 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 from the Government of Canada, 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.
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.
The Government of Canada is supporting businesses that are creating skilled jobs and finding solutions to modern problems. This is part of our Government’s plan to build more homes, make life more affordable and ensure Canada has a strong economy for generations to come.
Quotes
“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.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
“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.”
– Chad Collins, Member of Parliament 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.”
– Lisa Hepfner, Member of Parliament for Hamilton Mountain
“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.”
– Sabrina Fiorellino, Chief Executive Officer, Fero International Inc.
Quick facts
- Based in Stoney Creek, Fero International Inc., a women-led manufacturer, received a “Most Innovative Technology of the Year” award at the 2022 National Disaster Relief Expo in Miami, Florida.
- According to the UK group WRAP (Waste & Action Resources Programme), a 90% reduction in waste can be achieved through the use of modular construction. Waste-minimizing materials include wood pallets, shrink wrap, cardboard, plasterboard, timber, concrete, bricks and cement.
- Since 2015, FedDev Ontario has invested over $80 million in almost 100 projects with businesses and organizations in Hamilton census division, estimated to create nearly 800 jobs and maintain over 1,500 jobs.
- Since November 2015, FedDev Ontario has invested over $790 million in over 350 manufacturing projects, creating over 11,200 jobs and maintaining over 11,400 jobs.
Associated links
Contacts
Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
[email protected]
FedDev Ontario
Media Relations
[email protected]
