Canada Economic Development

Canada Economic Development

November 14, 2013 10:00 ET

Government of Canada Supports Sous-Traitance Industrielle Québec's Business Development Mission and Meloche Group

BOUCHERVILLE, QUEBEC--(Marketwired - Nov. 14, 2013) - 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, today announced that Sous-Traitance Industrielle Québec (STIQ) has been awarded funding to pursue its business development mission. The Minister also took the opportunity to confirm the financial support granted to Meloche Group to help the company improve its productivity and competitiveness.

"In keeping with its commitments, our Government is ready to invest in major projects like the ones being carried out by STIQ and Meloche Group. This support is evidence of our clear intention to make the economy our key priority," said Minister Lebel.

STIQ is an association of Quebec-based manufacturers whose mission is to support manufacturing SMEs and improve supply-chain efficiency by helping suppliers develop to their full potential and obtain business opportunities with prime contractors. The funding will allow the organization to engage in supplier research and business opportunity outreach and plan networking activities and training sessions on best management practices.

Meloche Group is an integrated supplier of value-added machined and sub-assembly components for the aerospace and defence industries. The financial contribution will serve for the acquisition of specialized equipment to enable the firm to increase its manufacturing capabilities and build a competitive advantage through automation and advanced technology.

This contribution to Meloche Group was first made public by Minister Lebel last June at the 50th International Paris Air Show at Le Bourget, during which he announced nearly $8 million in investments by the Government of Canada in support of the Quebec and Canadian aerospace industry.

Information:

The assistance to STIQ has been granted in the form of $1,582,000 in non-repayable funding under Canada Economic Development's Quebec Economic Development Program. Meloche Group, for its part, has been awarded a repayable contribution of $1,200,000 through the same program.

Keep up with the latest news from Canada Economic Development by visiting www.dec-ced.gc.ca or subscribing to Twitter @CanEconDev.

Contact Information