TROIS-RIVIÈRES, QUEBEC--(Marketwired - Jan. 31, 2014) - Canada Economic Development
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 six enterprises in the Trois-Rivières area have been granted financial assistance for the acquisition of production equipment.
The assistance has been awarded in the form of six repayable contributions totalling $1,504,840 through Canada Economic Development's Quebec Economic Development Program (QEDP).
- The six firms receiving this financial assistance from the Government of Canada are: Service Mécanique Industrielle, Les Menthes Rito Ltd., La Fernandière Inc., Atelier d'usinage Cloutier Inc., Immobilisations Mycy Inc. (FAB-3R) and Automation Mauricie Inc.
- The contribution awarded by the Government of Canada will be used to purchase new production equipment.
"By supporting firms in the Trois-Rivières area in the acquisition of equipment, our Government is showing once again that it is committed to investing in projects that help grow the economy."
Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec
For further information on these six projects, see the related backgrounder.
For more information on the QEDP: http://www.dec-ced.gc.ca/eng/programs/qedp/index.html
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Financial assistance granted under Canada Economic Development's Quebec Economic Development Program Trois-Rivières area
|Service Mécanique Industrielle
||Repayable contribution of $176,340 on a total investment of $352,680 The project will enable the company to increase its production capacity and productivity. Service Mécanique Industrielle, a machine shop specialized in the manufacture and repair of mechanical parts for 15 years, will use the financial assistance to acquire and install new equipment and upgrade its plant.
|Les Menthes Rito Ltd.
||Repayable contribution of $250,000 on a total investment of $600,000 The project will go towards the acquisition of additional production equipment to meet market demand in the U.S. and thus help improve the competitiveness of this family business, Canada's largest manufacturer of mint candy. The assistance will allow the enterprise to purchase the equipment it needs to improve its manufacturing processes. Les Menthes Rito Ltd. expects to create eight new jobs by the completion of this project.
|La Fernandière Inc.
||Repayable contribution of $445,000 on a total investment of more than $5,000,000 The project will enable the enterprise to relocate and set up shop in a new, larger building better suited to its needs and equipped with more modern equipment. The assistance will enable the company to acquire new equipment to optimise its production.
|Atelier d'usinage Cloutier Inc.
||Repayable contribution of $150,000 on a total investment of $300,000 The project will enable the enterprise to purchase digital manufacturing equipment to increase its production capacity and productivity. Atelier d'usinage Cloutier Inc. specializes in the sub-contract design and manufacturing of parts, primarily in the forestry, pulp and paper and agri-food sectors. The company expects to create two new jobs in Louiseville by the completion of this project.
|Immobilisations Mycy Inc.(known as FAB-3R)
||Repayable contribution of $183,500on a total investment of $469,000 The project will enable the implementation of a new management information system in order to improve the enterprise's productivity and make its in-house processes more effective. The enterprise offers recognized and personalized expertise in machining, mechanics and the manufacture of metal products as well as certain additional finishing services. The assistance will consolidate 150 jobs in Trois-Rivières.
|Automation Mauricie Inc.
||Repayable contribution of $300,000on a total investment of $4,336,992 This assistance will enable Automation Mauricie to acquire new equipment to optimize its productivity, pursue its growth and develop its capacity to innovate. Some 30 new jobs will be added to the current staff of 70 engineers, technicians, electricians and mechanics. The firm designs, manufactures, programs and installs automated systems for a variety of industry sectors (agri-food, mines, chemical industry, machinery manufacturers, pulp and paper). It also provides electrical and mechanical installation services for these systems.
Total number of projects: 6
Total contribution from Canada Economic Development: $ 1,504,840
Total investment generated by these projects: $12,133,672