Norcan Hydraulic Turbine benefits from Ontario largesse
By Anthony Capkun
May 28, 2011 – The Province of Ontario is helping Norcan Hydraulic Turbine Inc. (a “clean” energy equipment manufacturer in Carleton Place) acquire new machinery and expand its plant, creating 12 new jobs and supporting close to 30 additional construction jobs.
Using new equipment, Norcan will design and manufacture larger water turbines that generate electricity from moving water. The company exports its products around the world, and expects to double its global market share with the expansion.
“The support from the province will help us expand our capacity and increase our efficiency allowing us to take advantage of significant exporting opportunities. We are thrilled to be on track to double our market share in the renewable energy sector,” said Joseph Martin, Norcan president.
Ontario is providing over $487,000 from the Eastern Ontario Development Fund to support the $3.2-million expansion. Norcan plans to expand its sales in South and Central America, and serve additional customers in Canada and the United States.