Hayward Gordon Ltd. may be based in Toronto, but the industrial pump maker is being forced to shift work to facilities south of the border, joining a number of Canadian companies anxious they’ll lose customers as U.S. trade restrictions known as the “Buy America” policy kick in.
“I have no choice,” John Hayward said in an interview yesterday, confirming plans to shuffle some work to a facility in Pennsylvania.
“Either we do that or we go out of business with that part of our market.”
Hayward, which also has operations in Montreal, Calgary and Vancouver, is just one of many companies faced with the prospect of losing a significant amount of business as U.S. purchasers increasingly follow Buy America’s directive to buy homemade goods. Earlier this year, U.S. President Barack Obama signed an economic stimulus law that limits steel and manufactured goods under the plan to be purchased only within U.S. borders.
In response, more Canadian companies are considering setting up shop south of the border to save their business.