Canada Economic Development

Canada Economic Development

August 30, 2013 11:30 ET

Government of Canada Lends Financial Support to Dolbeau Oxygen Inc.

DOLBEAU-MISTASSINI, QUEBEC--(Marketwired - Aug. 30, 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 the firm Dolbeau Oxygen Inc. of Dolbeau-Mistassini has been granted financial assistance to restructure its engineering and administration departments, expand its manufacturing workshop and acquire specialized equipment.

"Our government believes economic prosperity is achieved through investments like the one Dolbeau Oxygen is preparing to make to bolster its manufacturing capabilities and improve its productivity," said Minister Lebel.

Dolbeau Oxygen specializes in the manufacture of customized industrial equipment for various sectors. The company's project mainly involves developing new industrial products to meet the demands of its principal contractors. This initiative is expected to improve the firm's viability and lead to the maintenance of 60 existing jobs as well as the creation of seven additional full-time positions within the next two years.

The forest is a central part of economic activity in the Maria-Chapdelaine Regional County Municipality (RCM), which has been the seat of Dolbeau Oxygen's operations for more than 75 years. Since its founding, this dynamic equipment manufacturer has contributed to the diversification of the local economy through its innovative projects.

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This assistance, granted in the form of a $700,000 repayable financial contribution, has been awarded through Canada Economic Development's Quebec Economic Development Program.

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