Anita Anand, minister of Innovation, Science and Industry, announces that the Government of Canada is working with MDS Coating Technologies Corporation, through the Strategic Innovation Fund, to support its proposed $100 million project to expand its facility on Prince Edward Island, doubling its capacity.
Environmentally friendly technologies for aircraft
Prince Edward Island (PEI) is home to some of Canada’s most innovative and export-driven industries, including aerospace. As part of a long-standing support for a strong aerospace sector, the Government of Canada is making investments that will foster innovation and help create well-paying local jobs. The Province of PEI is also providing a $7 million loan.
MDS Coating Technologies employs approximately 100 employees.
These investments will enable the company to manufacture environmentally friendly nano‑coating technologies for aircraft engine compressor blades and fan blades. MDS’s coating technologies are designed to improve performance and reduce fuel consumption and engine degradation, resulting in reduced maintenance costs and lower carbon emissions.
Strengthening production capacity while accelerating green transition
The partnership aligns with the government’s commitment to Islanders to build a stronger economy that is competitive in a carbon-neutral world.
“Our government is building a strong economy while accelerating the green transition of the aerospace industry. By partnering with MDS, we are strengthening Canada’s aerospace supply chain while creating well-paying local jobs for Islanders,” said Anita Anand, minister of Innovation, Science and Industry.
“Prince Edward Island has what it takes to lead the way in aerospace! Partnering with MDS Coating, our government is making investments and spurring innovation to provide well-paying jobs for Islanders,” said Bobby Morrissey, member of Parliament for Egmont.
“Investing in PEI businesses like MDS Coating Technologies is key to building a strong, sustainable and competitive Island economy. As a proven clean technology provider in the aerospace industry, MDS is well-positioned to expand its global footprint thanks to this partnership with the federal government. This joint investment will not only strengthen the company’s production capacity but also create more opportunities for skilled talent and showcase PEI’s ability to deliver world-class aerospace solutions,” said Darlene Compton, PEI’s minister of Economic Development, Innovation and Trade.
“We are excited to partner with the Government of Canada and the Province of Prince Edward Island in this transformative project. This investment will enable MDS to enhance our innovative coating technologies and expand our capabilities to better serve the aerospace industry. With this support, we are taking a significant step forward in our commitment to sustainability and operational efficiency, helping to reduce fuel consumption, improve performance and lower maintenance costs for our global customers,” said Jon Cheverie, president and COO of MDS.