Canadian General Tower

On May 27, EDC provided $7.5 million in financing to Canadian General Tower Limited (CGT) in general corporate financing. Based in Cambridge, Ontario, Canadian General Tower (CGT) is a Tier-2 supplier of vinyl and leather materials which are used in interior seating systems door and instrument panels for the automotive sector.

The financing will be provided as a general purpose corporate facility, which will provide enhance CGT’s financial flexibility and operational liquidity. While the auto sector is experiencing significant challenges, companies like Canadian General Tower are well positioned to emerge from the auto sector turmoil, with better market share and a more global perspective.