Representatives from the federal government were in Guelph July 25 to announce a $2.5 million investment in Newton Group Ltd, to allow the company to expand its line of prefabricated construction materials.
In specific, the investment will go toward building 40,000 square feet onto Newton Group’s existing facility, including a highly-automated pre-cast concrete production line to allow the company to speed up production on its unique pre-cast system for building condominium and apartment buildings.
Newton Group’s system can produce floors, walls, staircases, and other building elements in the plant, complete with in-floor heating and cooling hydronic lines, windows, doors, wiring, and insulation pre-installed. Having these features pre-installed saves construction time, decreasing the total time by up to a third, as well as lowering building costs and energy usage to heat and cool the buildings.
This innovative system is under a pilot study by the Canada Green Building Council to help determine zero carbon building standards going forward.
“We are proud to support Canadian companies and workers who are developing innovative climate solutions and gaining more profile as suppliers of clean technology and expertise – something the world needs more of as we work together to fight climate change, reduce pollution and keep life affordable,” said Catherine McKenna, minister of environment and climate change.
“Through investments in companies like Newton Group Ltd., we are building the sustainable and competitive advanced manufacturing industry of tomorrow,” said Navdeep Bains, minister of innovation, science, and economic development. Bains is also the minister responsible for the Federal Economic Development Agency for Southern Ontario.
FedDev Ontario supports innovation and economic growth through funding as part of the Innovation and Skills Plan. Over the last decade it has invested almost $2 billion.