Ontario Construction News staff writer
Fero International Inc. will receive $3.5 million from FedDev Ontario to expand production and create 50 skilled jobs for local workers.The Stoney Creek-based company builds modular units for the healthcare, housing, long-term care and educational sectors.
“We are extremely grateful to the Government of Canada for both investing in Fero and believing in a new Canadian innovator,” said Sabrina Fiorellino, CEO, Fero International Inc. “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.”
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.
New funding will be used to increase production of its modular infrastructure for the healthcare and life-sciences sector. 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.
“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,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
As an alternative to brick-and-mortar medical infrastructure, modular units can reduce delivery times and support vulnerable populations in Canada and abroad.
“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,” said Chad Collins, MP for Hamilton East–Stoney Creek.