MEDIA ADVISORY - FOR IMMEDIATE RELEASE
July 25, 2016
Victoria, BC – The BC Alliance for Manufacturing welcomes new member, the Industrial Marine Training and Applied Research Centre (IMTARC).
IMTARC’s mandate focuses on three areas; workforce development, supplier development and applied research.
“Our Centre’s primary role is to identify industry needs in order to upgrade corporate and workforce skills and to apply selected progressive technologies and processes, and then work in concert with training service suppliers to design, develop and deliver targeted training,” said Alex Rueben, IMTARC’s Executive Director.
“IMTARC also engages in research and development of programs to find solutions to reduce manufacturing costs, implement best practices, find breakthrough technologies and processes, and develop supply chains.”
“Manufacturers in British Columbia create amazing world-class products but operational costs, such as fees and taxes, remain high. Organizations like IMTARC help improve competitive positions so our province can continue to have a strong manufacturing sector,” said Marcus Ewert-Johns, Alliance Chair. “IMTARC’s work in supply chains will also help BC manufacturers gain access to new opportunities.”
“Manufacturers need the tools so they are enabled to participate in local once-in-a-generation opportunities such as shipbuilding, LNG and other mega-projects,” added Rueben. “Additionally, the skills gained position these companies to compete globally creating increased export opportunities.”
Manufacturing matters. It is a significant contributor to BC’s economy providing greater economic volume than industries such as forestry, mining, film, digital media and tourism. Manufacturing, with more than 12,000 companies, is BC’s third largest source of employment, directly providing more than 180,000 jobs and indirectly supporting 200,000 more jobs. Last year, manufacturing was the fourth largest contributor to provincial GDP (7.2%). Manufacturing contributes more than 42% of private sector research and development expenditure and represents more than 30% of business taxes paid to the provincial government. Value-added manufactured goods comprise more than 62% of the province’s exports, and not natural resource commodities, as commonly believed.
For further information please contact:
President & CEO
T: +1 (604) 900-1980 x110
About the BCAFM:
The BC Alliance for Manufacturing is a coalition of 18 like-minded manufacturing industry associations with a common vision to promote a world-class manufacturing sector in British Columbia. The Alliance speaks with one voice on priority issues to advance and defend the interests of manufacturers to ensure that all British Columbians continue to benefit from the economic growth, high-value outputs and high-paying jobs found across all types of manufacturing in the province.
In British Columbia manufacturing is the fourth largest component of provincial GDP contributing 7.2% of the provincial economy and 30% of the business tax revenue paid to government. Manufacturing is the third largest employer in BC with more than 12,000 companies employing almost 400,000 jobs directly and indirectly. Value-added manufacturing represents almost 65% of BC’s exports.
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