Post by
HyperCube on Jul 02, 2024 4:31pm
Another expansion
Hammond Manufacturing is the first to buy into Fergus Business Park.
Alexander Sterling, executive vice-president of Hammond Manufacturing said that they bought 11.5 acres to build a plant that makes electtical enclosures.
Comment by
FormerHedgie on Jul 04, 2024 12:00pm
Can you provide the source of this? Any further commentary on when / how much will be spent? I was thinking a few days ago that I would really like to know what HMM's installed capacity utilization is? This would seem to suggest that they are operating at near capacity? Or, perhaps, just in this division?
Comment by
HyperCube on Jul 04, 2024 2:03pm
The source is eloraFergusToday. I don't know if that is a trustworthy source, but at first glance it seems ok. They don't give much details. I think we will have to wait until Q2 results are announced to get more information. They did say that the aim is for the facility to be operating by 2026.
Comment by
FormerHedgie on Jul 05, 2024 9:24am
Thanks for sharing the additional details.
Comment by
HyperCube on Oct 29, 2024 7:21pm
In today's MD&A, page 6: "This quarter we secured 11.49 acres of industrial site in Fergus Ontario for $5,200,000. The site will allow for future expansion and growth when the time is right."