Canada Economic Development

Canada Economic Development

June 19, 2013 08:00 ET

Government of Canada Makes Important Announcement for Aerospace Industry at Paris Air Show at Le Bourget

MONTRÉAL, QUEBEC--(Marketwired - June 19, 2013) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities, Minister of the Economic Development Agency of Canada for the Regions of Quebec and Minister of Intergovernmental Affairs, took the opportunity while visiting the 50th Paris Air Show at Le Bourget today to promote the skills and know-how of the Quebec and Canadian aerospace industry. In the presence of the many Quebec companies exhibiting at the show, the Minister seized the occasion to announce the awarding of financial assistance to 10 Greater Montréal businesses and organizations in the sector.

"Supporting innovation and research and development is one of the cornerstones of the Government of Canada's strategy for building a high-performance economy that generates wealth and creates jobs. That is why it is unreserved in its decision to lend financial assistance to Quebec and Canadian aerospace companies that help further the country's economic vitality," said Minister Lebel.

The enterprises and organizations receiving this financial assistance from the Government of Canada are Aerolia Canada, Abipa Canada Inc., Hemmingford Aerospace, Alta Precision Inc., Centre technologique en aérospatiale (C.T.A.), Aerospace Welding Inc., Groupe Meloche, Maetta Sciences Inc., Tekalia Aeronautik and Sinters America Inc.

"Our government remains focused on four priorities, as outlined by the Prime Minister, that Canadians care most about: their families, the safety of our streets and communities, their pride in being a citizen of this country, and of course, their personal financial security," Minister Lebel concluded.

Information:

This assistance, granted in the form of financial contributions totalling $7,864,282, has been awarded through Canada Economic Development's Quebec Economic Development Program

See the related backgrounder for further details on these projects.

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Financial assistance granted under the Quebec Economic Development Program

Promoter Description - Investment - Contribution
Aerolia Canada Repayable contribution of $2,400,000 / total investment of $91,627,000
The project involves the acquisition of manufacturing equipment, lay-out of the plant and installation of a test bed for the central fuselage manufactured by Aerolia Canada, all in view of the company's establishment in Quebec. Aerolia Canada will be one of the few aerospace integrators operating in the province.
Groupe Meloche Repayable contribution of $1,200,000 / total investment of $10,500,000
The aim of this project is to acquire strategic specialized equipment that will enable Groupe Meloche to 1) improve its productivity and competitiveness and 2) satisfy contractor requirements by increasing its production capacity and improving delivery time.
Abipa Canada Inc. Repayable contribution of $1,102,532 / total investment of $2,205,070
The project consists of the acquisition of strategic equipment, namely a new automated machining cell, to allow Abipa Canada to improve its productivity and competitiveness by optimizing manufacturing time and increase its capacity to produce more complex parts. This investment by Abipa Canada is part of its strategic growth plan to better meet the needs and requirements of current and future contractors.
Alta Precision Inc. Repayable contribution of $900,000 / total investment of $3,118,900
The project involves the purchase of strategic equipment to help the company improve its productivity and competitiveness.
Centre technologique en aérospatiale (C.T.A.) Non-repayable contribution of $536,800 / total investment of $671,000
The purpose of this project is to acquire strategic specialized equipment in order to strengthen the C.T.A.'s capacity for technology transfer to SMEs. This equipment will increase the Centre's ability to help SMEs in the aerospace sector improve their productivity and competitiveness.
Hemmingford Aerospace Repayable contribution of $500,000 / total investment of $2,105,000
The project consists of acquiring strategic specialized equipment to enable Hemmingford Aerospace to improve its productivity and manufacturing capacity.
Aerospace Welding Inc. Repayable contribution of $500,000 / total investment of $1,100,000
This assistance will serve for the implementation of a new Enterprise Resource Planning (ERP) system and the acquisition of manufacturing equipment to support AWI's growth and improve its productivity.
Maetta Sciences Inc. Repayable contribution of $400,000 / total investment of $2,548,300
The aim of the project is to increase the company's productivity, boost its production capacity and significantly reduce manufacturing costs. The assistance from the Agency will be used mainly for the acquisition of manufacturing equipment, production-related systems and an integrated management system.
Tekalia Aeronautik Repayable contribution of $225,000 / total investment of $450,000
The assistance will serve for the design, production and integration of a digitally-controlled High Velocity Oxygen-Fuel (HVOF) thermal spraying cell. This will enable the enterprise to increase its production capacity and thereby better satisfy the needs and requirements of contractors.
Sinters America Inc. Repayable contribution of $99,950 / total investment of $199,900
The project involves implementing a commercialization strategy for its products.

Summary

Total number of projects: 10

Total contribution from Canada Economic Development: $7,864,282

Total investment generated by these projects: $114,525,170

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