The subsidiary of German cabin interior specialist Vartan Aviation will ramp up work on new aircraft programs in Greater Montréal and create 35 new jobs.
Siemens will invest $110.6 million at its Dorval plant to design aeroderivative gas turbines as well as $22 million to implement an Industry 4.0 expertise platform in collaboration with Investissement Québec and other partners and an integrated training system for the workplace inspired from the German dual model.
The World Economic Forum in Davos gave Investissement Québec President and CEO Pierre Gabriel Côté the opportunity to meet with over a dozen leaders of multinationals and take part in announcements on investments of close to $640 million for Québec.
Over the next four years, the world’s leading steelmaker will upgrade its installations in Québec’s Côte-Nord region.
Swiss engineering firm ABB chose Montréal for its North American Centre for Excellence in e-Mobility, which will focus on developing energy-management solutions for electric buses and trains.
Over the next two years, Microsoft will double the size of Maluuba, the Montréal startup it recently acquired in order to intensify its R&D in artificial intelligence. The tech giant will also grant $6 million to Université de Montréal and $1 million to McGill University to support AI research.
With backing from Investissement Québec, Thomas & Betts is kicking off a modernization project for its Saint-Jean-sur-Richelieu plant thanks to $1.5 million in financial support from the Québec government.
Another good example of reshoring : IBM is bringing back to Montréal services and jobs that had been offshored to low-cost countries.
The Montréal Technology and Engineering Centre of New York-based financial group Morgan Stanley already has nearly 1,000 employees and continues to hire 10 to 15 people a week.