Canada Economic Development

Canada Economic Development

April 17, 2014 14:30 ET

AMT Die Casting Inc. to Improve Production Chain with Support from Government of Canada

SAINT-CYPRIEN, QUEBEC--(Marketwired - April 17, 2014) - Canada Economic Development

Acting on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec, today announced that the firm AMT Die Casting Inc. has been granted financial assistance to improve productivity and increase its production capabilities.

This assistance has been awarded in the form of a $3,008,000 repayable financial contribution through Canada Economic Development's Quebec Economic Development Program.

Mr. Gourde took the opportunity while in the region to meet with entrepreneurs for a round-table discussion earlier in the day in Rivière-du-Loup on the challenges facing the region's business community and on how the Government of Canada can help.

Quick facts

  • AMT primarily manufactures die cast aluminium parts for major contractors in the automotive and recreational vehicles industry.
  • The assistance will serve for the acquisition of equipment and expansion of the company's existing facilities.
  • As well as ensuring the firm's growth, this project is expected to result in the creation of 50 new full-time jobs in Bas-Saint-Laurent.

Quotes

"To our government, economic prosperity is achieved through investments like the one AMT Die Casting is making to increase its productivity and competitiveness."

Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec

"AMT is always striving to find new and innovative ways to improve its manufacturing processes in order to stay competitive. This support announced today will allow us to move forward with a project that will help AMT capitalize on the growth opportunities available in the North American automotive industry."

Félix Jean, President, AMT Inc.

Related link

AMT Die Casting Inc. Website: http://www.amtdiecasting.com

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