Office of the Premier
FFG Canada creating 26 new jobs in Bathurst18 July 2012
BATHURST (GNB) – FFG Canada, an international joint-venture company, will create 26 new jobs in Bathurst.
Premier David Alward joined FFG Canada president Barry Kyle at the announcement in Bathurst today.
“Investing in the aerospace and defence industry is one of the six areas of focus in Rebuilding New Brunswick: Growing Together – An Economic Development Action Plan for New Brunswick, our economic development action plan to drive progress in our province,” said Alward. “Our investment will assist this new company by creating high-quality jobs and provide spinoff opportunities throughout northern New Brunswick.”
The action plan is designed to accelerate economic growth in all regions of New Brunswick.
“I am delighted to see the focused support that the provincial government will bring to the defence and aerospace sector through its strategy,” said Kyle. “Land systems have a promising future in New Brunswick.”
The provincial government provided support to the company in the form of a $700,000 payroll rebate and $300,000 in forgivable loans through Invest NB. In addition, the province provided $500,000 under the $200-million Northern New Brunswick Economic Development and Innovation Fund.
This $1.5 million investment will contribute $2.6 million annually to the province's gross domestic product once all the jobs have been filled.
FFG Canada is a new international joint-venture company between Industrial Rubber Company Ltd., and German defence firm FFG Flensburger Fahrzeugbau Gesellschaft mbH (FFG), with the company headquarters in Bathurst. The company will begin its operations with the $135-million contract awarded to the German defence firm to supply 13 WISENT 2 Armoured Engineer Vehicles (AEV) to the Department of Defence through the conversion of Leopard 2 main battle tanks into armoured engineer vehicles.
Invest NB's mission is to identify and pursue opportunities for strategic and commercially viable foreign direct investments in New Brunswick. Guided by a private sector board of directors, the Crown corporation offers personalized services tailored to the needs of expanding companies and provides financial assistance when required and as appropriate to secure investments.