Ontario is helping Xenopus Inc. - a specialty dental manufacturer in Morrisburg - to enhance its product line and create 10 new jobs.
With the province’s support, the company will increase exports and invest in equipment to
manufacture a new high quality dental tool used by dentists during surgery. With this new
tool, the company will be more competitive and projects a 15 per cent increase in sales
worldwide.
Cornwall - Aug. 17, 2011 - Ontario is helping Xenopus Inc. - a specialty dental manufacturer in Morrisburg - to
enhance its product line and create 10 new jobs.
With the province’s support, the company will increase exports and invest in equipment to
manufacture a new high quality dental tool used by dentists during surgery. With this new
tool, the company will be more competitive and projects a 15 per cent increase in sales
worldwide.
Partnering with local businesses is a key component of the McGuinty government’s plan to
create and support new and existing jobs for Ontario families, and strengthen local
economies.
“Private investment and confidence in the economy drives growth and community
development. It makes winners out of businesses such as Xenopus Inc. We are proud of the contribution Eastern Ontario companies make to the economy through growth and jobs for our
families,” said Jim Brownell, MPP for Stormont-Dundas-South Glengarry.
“Increasing productivity and growth is key to helping Ontario’s economy continue to turn the corner. That’s why our government supports businesses such as Xenopus Inc. to modernize
its operations and create jobs,” said Sandra Pupatello, Minister of Economic Development and Trade.
“We’re very pleased about the Ontario government’s decision to help us with our project. This
encourages us to bring new products to the global marketplace and increase our share to over
85 per cent with a focus well beyond the U.S. market,” said Gustel Fischer, President, Xenopus Inc.
QUICK FACTS
Xenopus Inc. is one of only two dental bur manufacturers in Canada.
A dental bur fits on the end of a drill which is used for dental surgery.
Eighty-five per cent of the products made by Xenopus Inc. are exported to 85 countries.
The expansion by Xenopus will benefit local engineering firms and tool and die
businesses.
In 2010, Ontario was named a top destination for foreign direct investment in North
America, second only to California. The province attracted a total of 127 Foreign Direct
Investment projects which created more than 11,200 jobs.
As a result of Ontario’s tax changes, taxes on business investment were cut in half,
making Ontario more competitive and encouraging business growth.
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