MIRUS Acquisition in China Creates Jobs in Ontario and Abroad
BRAMPTON, ONTARIO-- ( Nov. 13, 2014) -
Brampton-based MIRUS International has just acquired Chinese manufacturing operations, and with it, created vital jobs for people in both Canada and China. By acquiring an established operation, MIRUS has saved a number of jobs in China, and expanded their home-based operations significantly, creating a Canadian management, engineering, training, and support presence that has created additional jobs at home.
MIRUS is a power quality company that specializes in harmonics mitigation. Their unique products reduce distortion in electrical current and help equipment operate more effectively, and allow mission critical machinery like oil rigs and supply ships to operate without risk of failure and shutdown. They are a leader in their industry in North and South American markets; the new acquisition has allowed them to extend their reach and grow export sales into the rapidly expanding Asia/Pacific market, which offers tremendous opportunities to Canadian manufacturers.
"It has allowed MIRUS to be more competitive on a global scale," says Tony Hoevenaars, MIRUS President and CEO. "Not only does it allow us to affordably expand our offering, it gives us a chance to be involved in Ontario's ongoing initiative to partner with China for business building and job creation."
The new MIRUS facility in China is in Suzhou, in Jiangsu province, a sister province to Ontario. As it happens, that's exactly where Ontario Premier Kathleen Wynne just recently led a trade mission - and announced new Chinese investment in Ontario.
"Ontario and Jiangsu have spent decades building our strong partnership, in the business world and also in the academic world," says Wynne. "I am so pleased that our relationship continues to flourish and create mutual growth and more new jobs in each of our provinces."
On October 27th, Chinese companies announced significant investments in Ontario that will add up to as many as 230 new jobs for the province, and help the province's businesses compete more effectively on a global scale.
"While China is adding jobs in Canada," says Hoevenaars, "Ontarians like us are reciprocating by building opportunities for Chinese workers as well. We've already added 14 jobs in our 5000 m2 facility in China and expect that to grow to 50 positions within the next couple of years. We are also increasing jobs in Brampton, partly to support the manufacturing operation in Suzhou."
MIRUS has been recognized for their focus and innovation by making the Finalist round for the 2014 Ontario Export Awards, where they are a strong contender in the Emerging Exporter category. These prestigious awards recognize the innovative approaches and contributions of Ontario export companies and the individuals who work hard to ensure their success. Awards will be handed out at the November 25th gala in Mississauga.
New 5000 sq. m MIRUS facility in Suzhou, Jiangsu province to employ up to 50 Chinese workers while also creating jobs in Canada.
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