SAINT-LÉONARD-D'ASTON, QUEBEC--(Marketwired - Oct. 13, 2016) - Businesses need adequate resources for creating and commercializing their innovative products. To that end, the Government of Canada is determined to support Canadian enterprises that are focusing on innovation. A true economic driver, innovation is the key to success because it generates the growth that benefits businesses as well as communities.
Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, Parliamentary Secretary Greg Fergus today announced that Groupe P.N.F. Inc. has been granted $400,000 in financial assistance to bolster its productivity and manufacturing capacity through the acquisition of new equipment.
This repayable contribution, awarded through CED's Quebec Economic Development Program (QEDP), will enable the company to expand its existing plant, review its production flow and purchase and install new equipment in order to automate certain of its manufacturing operations and introduce a new product line.
Founded in 1995, Groupe P.N.F specializes in the design and production of washable air filters for manufacturers of ventilation systems, kitchen range hoods, heating systems, dehumidifiers, air conditioners, air purifiers and street sweepers.
"The Government of Canada has committed to forging close partnerships with Quebec businesses in order to support their efforts to raise productivity and become more competitive on export markets."
Greg Fergus, Parliamentary Secretary to the Minister of ISED and Minister responsible for CED
"By investing in innovation, the Government of Canada is staying true to its commitments and helping businesses expand, innovate and export their products to ensure the growth of the Canadian economy."
The Honourable Navdeep Bains, Minister responsible for CED
"For an export-based SME like ours, this contribution from the Government of Canada will allow us to continue working to develop our Canadian and international markets by improving productivity and expanding our product range."
Yan Nadeau, Vice president, Groupe P.N.F. Inc.
CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
To learn more about the QEDP: http://www.dec-ced.gc.ca/eng/programs/qedp/index.html
Groupe P.N.F. Inc. Website: http://www.groupepnf.com/englishnew/corpo-en.htm
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