Macrodyne Technologies
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🗜️ Ontario Welcomes $5 Million Manufacturing Investment in Macrodyne Technologies
The Ontario government is welcoming a $5 million investment by Macrodyne Technologies Inc., North America’s largest manufacturer of hydraulic presses and automation systems, equipment used by manufacturers in over 40 industries to shape and mould materials such as metal, plastic, rubber and wood. This investment will be used to purchase the latest manufacturing technology for the company’s facilities in Vaughan and create 25 new good-paying jobs for machine builders, electricians, hydraulic technicians and engineers.
With their $5 million investment, Macrodyne Technologies will purchase state-of-the-art, technology to expand their product line and add more automation and AI solutions. This new technology will also help the company double production to meet growing demand from customers around the world, including those in the steel and aluminum, automotive, aerospace and pulp and paper industries. As part of this investment, the government is providing Macrodyne Technologies with $750,000 in funding through the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of its Regional Development Program.
Macrodyne receives funding from scale AI to develop AI enabled supply chain equipment and software solutions
Macrodyne Technologies Inc., North America’s largest hydraulic press manufacturer, has been selected to receive 2.2 million funding to develop AI based Supply Chain solutions from Montreal-based Scale AI, a technology supercluster funded by the federal and Quebec governments. Macrodyne, a leading hydraulic press manufacturer and supplier to compression molding industry, has seen an opportunity to help solve the complexity in compression molding supply chain for recycled plastics by providing equipment and AI-enabled software solutions to source feedstock to allow for the circular manufacturing of all types and blends of plastics.
Macrodyne will lead the project by partnering with ReGen, Winnipeg based designer and licenser for the Circular Manufacturing Technology; Moov AI, Quebec based artificial intelligence and machine learning solutions provider; SimWell, Quebec based leader in simulation model to develop the new technological suite. This project will make Macrodyne the first amongst press OEMs to invest in AI based logistic solutions that will provide substantial value for its customers. With this solution, the partners expect to see a major improvement in operational efficiency, by using technologies to plan and optimize the supply chain operations instead of doing it manually and/or based on operators by experience judgment.