Toronto, Canada (PRWEB) October 8, 2009
The Canadian Aboriginal and Minority Supplier Council (CAMSC) has announced that Jyco Sealing Technologies (http://www.jyco.net) will be the winner of their 2009 Business Achievement Award. The award is based on business growth and development, export sales growth, and major accomplishments during the previous year.
Since opening its Sherbrooke, Quebec manufacturing plant in 2000, Jyco grew to become a world leader in automotive weathersealing applications. The company has been a pioneer in thermoplastic vulcanizates (TPV), rubber-plastic compounds that have proven to outperform traditional rubber seals in many areas while offering eco-friendly advantages such as cleaner processing and recyclable scrap. Early last year, Jyco introduced new technology that enables them to recycle scrap tires into high performance TPV seals.
As the economic chaos of late 2008 began to unfold, the same attributes that built Jyco's success in the global automotive industry proved just as valuable in fueling the company's diversification. Superior sealing technology, greener processing and products, and its agile, innovative nature allowed Jyco to quickly reposition for future growth in high performance dynamic closure sealing applications in a broader range of industrial, construction and appliance markets, as well as in highly specialized applications ranging from agriculture, to funeral casket gaskets, to work trucks.
In March of 2009, these efforts helped Jyco qualify for a $6-million loan from Investment Quebec as part of the agency's Renfort Program, to preserve and create jobs in Jyco's Sherbrooke manufacturing plant. IQ's $6-million loan is part of an $8-million program, with the remaining funds provided by additional sources.
While diversifying into other product areas, Jyco has continued to maintain its commitment to the automotive industry. Jyco is the largest minority supplier to Chrysler, which is this year's winner of CAMSC's Corporation of the Year award. The award honors Chrysler's commitment to including certified Aboriginal and minority suppliers in their procurement opportunities, assistance in the development of Aboriginal and minority suppliers, and promotion of supplier diversity and business development within their corporation, as well as to their vendors and other businesses organizations.
The awards will be presented at CAMSC's Gala Event in Toronto on October 20th.