Canada Economic Development

Canada Economic Development

August 10, 2011 10:00 ET

Equipements Tremzac Inc. Receives $202,500 in Government of Canada Funding to Implement a Commercialization Strategy Abroad

SAINT-BONAVENTURE, QUEBEC--(Marketwire - Aug. 10, 2011) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced the awarding of $202,500 in repayable funding to Équipements Tremzac Inc. to launch a well-structured marketing plan for two product lines, targeting the United States and European markets.

"The Government of Canada is proud to support the project presented by Équipements Tremzac Inc., an innovative enterprise active in the transportation and machinery industry, a sector considered strategic for the Centre-du-Québec economy," said Minister Lebel.

Founded in 2001, the company designs, manufactures and distributes machinery for the forest, agricultural and energy sectors. Thanks to the contribution from Canada Economic Development, the SME will be able to hire a team to oversee the marketing of two innovative products, develop promotional tools, participate in trade fairs and conduct a market study. According to the company's leaders, this project will lead to the creation of 13 jobs, four in the sales and marketing division and nine in production.

The funding announced today has been awarded through the Business and Regional Growth program, which is designed to reinforce the conditions conducive to the sustainable growth of Quebec's regions and SMEs. It aims to help enterprises improve their performance, become more competitive and engage in more innovation. It also supports the transfer of technology and research outputs to enterprises as well as the development of new markets.

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