A home-grown tool and die machine shop is taking advantage of increasing opportunities in the international defence and aerospace sector.
Bradean's Tool and Die Limited is expanding in Amherst with plans to create as many as 35 new positions. The province, through Nova Scotia Business Inc., is supporting the growth with a five-year payroll rebate up to a maximum $251,600. The investment will also help Bradean's maintain its existing workforce of 13.
Premier Rodney MacDonald made the announcement today, April 27, in Amherst. Premier MacDonald was joined by Economic and Rural Development Minister Murray Scott; Dean Smith, vice president of Bradean's Tool and Die; and NSBI officials.
"Amherst has become a hub for Nova Scotia's growing aerospace sector," said Premier MacDonald. "The opportunities that exist for niche operators like Bradean's translate into real and lasting economic benefit for our province."
Bradean's Tool and Die Limited produces a range of aircraft parts, components and tooling, for such things as fuel tanks, wings and cargo doors.
"Bradean's is ready for growth and ready to create new opportunities for Nova Scotians," said Mr. Scott. "The province and NSBI are committed to supporting companies like Bradean's as it becomes stronger and more competitive."
The company recently obtained certification in the standardized quality management system for the international aerospace industry. Bradean's serves both local and international clients, including IMP Group, APEX Industries, Boeing, Bombardier and Cessna.
"Our company has identified a niche market with tremendous growth possibilities that can be serviced from right here in Amherst," said Dean Smith, vice-president of Bradean's Tool and Die. "Our people are the backbone of our operations here at Bradean's. We're excited about this next phase of growth."
NSBI's payroll rebate agreement is tied to job creation and retention. The investment will support Bradean's as it expands to increase capacity and produce more complex parts.
"Bradean's is making crucial investments to better compete on a global stage," said Stephen Lund, president and CEO of NSBI. "It is important that we continue to invest in our people and support companies like Bradean's that are willing to be aggressive, even in trying times."
Established in 2002, Bradean's Tool and Die is one of the region's leading manufacturers of aerospace and related parts and components. Located in Amherst, Bradean's is committed to precision, reliability, quality and dependability.
Nova Scotia Business Inc. is Nova Scotia's private-sector-led business development agency. NSBI is the investment-attraction arm of the province and helps businesses in Nova Scotia meet growth potential through advisory services, trade development, financing and venture capital.