Canada Economic Development

Canada Economic Development

December 06, 2010 10:00 ET

Les Ateliers Will Nicolas Inc. Receives Financial Assistance From Government of Canada for Specialized Equipment

GRANDE-RIVIERE, QUEBEC--(Marketwire - Dec. 6, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today announced the granting of $80,000 in repayable funding to Les Ateliers Will Nicolas Inc. This financial assistance will enable the firm, which has recently come under new ownership, to purchase the equipment it needs to diversify its operations and undertake an expansion plan. The overall project will necessitate a total investment of just over $590,000 in Grande-Rivière and create four new jobs.

"The Government of Canada believes it is important to help Les Ateliers Will Nicolas invest in technology to improve the firm's strategic capabilities and diversify its customer base," explained Minister of State Lebel.

Les Ateliers Will Nicolas specializes in the custom welding and manufacture of metal products for corporate and institutional customers. The company's new owners are looking to acquire modern, high-performance work tools and to set up new premises in an effort to expand the firm's operations. Once equipped in this way, the enterprise will be in a better position to increase productivity and diversify into new niche areas like stainless steel processing and titanium welding. The manufacturer also intends to focus on innovation in order to develop new products such as winch protectors, sign supports and so on. 

This financial contribution has been granted through Canada Economic Development's Community Diversification program, an initiative aimed at helping Quebec's regions maintain and diversify their economic base. The program's objectives include assisting communities that are mobilizing in support of entrepreneurship and the creation and maintenance of viable enterprises.

Canada Economic Development is online at www.dec-ced.gc.ca. Subscribe to the Agency's press releases at
http://www.dec-ced.gc.ca/eng/media-room/mailing-list/list.html to keep up with the latest news.

Contact Information

  • Canada Economic Development
    Karina Gagnon
    Communications
    Tel.: 418-368-6048 or 1-866-368-0044
    karina.gagnon@dec-ced.gc.ca
    or
    Canada Economic Development
    Office of the Honourable Denis Lebel
    Benoit Fortin - Special Assistant, Communications
    819-997-3319
    benoit.fortin@dec-ced.gc.ca