Morbern Announces $9-Million-Expansion

HIGH POINT, N.C. — June 2, 2016 — Morbern has announced a $9-million-expansion at its Cornwall, Ontario, manufacturing facility. The project creates 20,000 square feet of additional manufacturing space and includes the installation of a new, state-of-the-art, high-speed coating line which incorporates the latest technology.

“This will allow us to continue to expand and better compete in international markets, as our current facilities are operating at capacity,” said Mark Bloomfield, CEO, Morbern. “This is a big step forward for Morbern and for Cornwall.”

The project has been in development for nine months, with construction starting in earnest in April. The new building will be erected over the summer by local construction business Perras-Distefano. New equipment will arrive by fall, and will be fully implemented by the new year.

The equipment was sourced through a comprehensive purchasing review, with seven international bidders in the process. Highly specialized, the equipment has a 55-week lead time from initial purchase order to delivery.

This addition was done with help of the Canadian government, through financing from the Business Development Bank of Canada. “More than 75 percent of the financing requirements will be through a new term debt loan from BDC,” said Bloomfield. The Ontario government also contributed with a grant from the Eastern Ontario Development Fund.

Posted June 2, 2016

Source: Morbern