BRADFORD WEST GWILLIMBURY,
ON, Sept. 7, 2022 /CNW/ - Toromont Industries
Ltd. is pleased to announce the construction of a new 137,000 sq.
ft. remanufacturing facility in the Town of Bradford West
Gwillimbury, Ontario. This
important investment will support the growing needs of our
customers while creating opportunities for our people and the
surrounding community.
The facility is scheduled to open in early 2024 and will employ
150 skilled trades at the time of opening, with an ultimate
capacity of 200. We will be located on the north side of the
5th Line at Coffey Road with easy access to Hwy 400.
This world-class remanufacturing facility incorporates the latest
in design and equipment to ensure the highest standards of safety,
quality and production efficiency. Remanufacturing of components is
a critical element of the circular economy and helps lower the
lifecycle cost of our customers' equipment as well as complementing
our sustainability and Environmental, Social and Governance (ESG)
objectives.
This added capacity combined with our Reman operations in Québec
City, Pointe-Claire and
Thunder Bay will be critical to
supporting the growing number of customers who have come to rely on
the products we build.
Our remanufacturing operations are also a key element of
supporting the value proposition of the investments our customers
make in our equipment. We help extend the life of equipment,
provide economic and environmentally sound solutions that support
the industries and customers that we serve.
Our Real Estate Development Team and consultants will continue
to work closely with Town staff to meet our project milestones.
"This is a key element of our ongoing investments for the
future benefit of our employees, our customers, our partners and
our shareholders" – Joel
Couture, Chief Operating Officer for Toromont Cat
"The Town is thrilled with Toromont's decision to invest in
our community and bring 200 well-paying jobs to Bradford West
Gwillimbury. I'd like to thank the leadership team at Toromont
for selecting BWG as the new home of their remanufacturing facility
and we welcome them to a growing list of fantastic companies drawn
to our burgeoning employment corridor along Hwy 400." –
Rob Keffer, Mayor, Bradford
West Gwillimbury
About Toromont
Toromont Industries Ltd. operates through two business segments:
The Equipment Group and CIMCO. The Equipment Group includes one of
the larger Caterpillar dealerships by revenue and geographic
territory - spanning the Canadian provinces
of Newfoundland & Labrador, Nova
Scotia, New Brunswick, Prince Edward Island,
Québec, Ontario and Manitoba in addition to
most of the territory of Nunavut. In addition, the Group
includes industry leading rental operations, a complementary
material handling business and an agricultural equipment
business.
CIMCO is a market leader in the design, engineering, fabrication
and installation of industrial and recreational refrigeration
systems. Both segments offer comprehensive product support
capabilities. This press release and more information about
Toromont Industries Ltd. can be found at www.toromont.com.
For more information contact:
Michael S. McMillan
Executive Vice President and Chief Financial Officer
Toromont Industries Ltd.
T: (416) 514-4790
mmcmillan@toromont.com
Michael Disano
Manager of Economic Development
Town of Bradford West Gwillimbury
(289) 231-3829
mdisano@townofbwg.com
SOURCE Toromont Industries Ltd.