Through the Investment and Growth Fund, our government is investing in Alberta-based manufacturing as Exceed (Canada) Oilfield Equipment Inc. expands its operations in Nisku. Exceed has been awarded more than $500,000 to support the expansion of its Nisku facility, which will establish vacuum insulated tubing manufacturing capacity previously located overseas.
Exceed’s expansion represents an estimated $16.1 million in initial private capital investment and is expected to create 19 permanent full-time jobs and 100 temporary jobs, while supporting long-term growth in Alberta’s manufacturing sector.
“Alberta is the best place in Canada to invest, grow and build. Through the Investment and Growth Fund, Alberta’s government is helping companies like Exceed expand here at home, create good jobs and strengthen our domestic manufacturing capacity while keeping Alberta competitive on the global stage.”
“This expansion marks an important next chapter for Exceed in Canada. Moving from a sales-only presence to manufacturing in the Edmonton region allows us to be closer to our customers and better positioned to serve the energy sector in North America.”
By bringing production previously located overseas to Nisku, the investment will help grow domestic manufacturing capacity and reinforce the Edmonton region’s role as a centre for advanced manufacturing. Exceed is the latest project to benefit from Alberta’s Investment and Growth Fund, which helps attract high-impact, private-sector investments that create jobs, boost productivity and drive economic growth across the province.
“This investment helps grow our economy, creates jobs and strengthens Nisku as an economic hub. Growing our manufacturing sector is a priority, and as the local MLA I appreciate Exceed’s decision to invest in the region and create opportunities for families who call Alberta home.”
“Exceed’s expansion is a strong example of how global companies are choosing the Edmonton region not just to sell into the market, but to invest, manufacture and grow. This project strengthens our regional energy supply chain and reinforces the Edmonton region’s value as a globally significant location for advanced manufacturing. We’re proud to support Exceed as it deepens its presence here and creates new economic opportunities for the region.”
Alberta’s Investment and Growth Fund is designed to close the deal on high-value investments that deliver real economic benefits for communities across the province. Projects like this showcase Alberta’s business-friendly environment and demonstrate that targeted programs like the Investment and Growth Fund are helping companies choose Alberta and invest with confidence.
Quick facts
- Since fall 2021, the IGF has announced 17 grants supporting almost 1,400 permanent full-time jobs and more than 1,750 temporary jobs, with total private capital investment of more than $1 billion.
- The IGF has helped to secure about $30 in private investments for every $1 in IGF funding.