Canada Economic Development

Canada Economic Development

September 12, 2014 11:00 ET

L'Isle-Verte Manufacturing Firm Cotech/XMetal Inc. Unveils its New Plant

L'ISLE-VERTE, QUEBEC--(Marketwired - Sept. 12, 2014) - 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, announces that the firm Cotech/XMetal Inc. has been granted financial assistance for productivity enhancement.

This support has been awarded in the form of a $600,000 repayable financial contribution through Canada Economic Development's Quebec Economic Development Program (QEDP).

Quick facts

  • The funding has helped Cotech/XMetal Inc. to expand and reconfigure its metal cutting and folding plant as well as acquire new equipment.
  • In addition to increasing the firm's productivity and production levels, the project should enable it to offer new products and develop its markets.

Quote

"By helping Cotech/XMetal Inc. expand its plant and purchase equipment, our government is once again showing its commitment to investing in projects that have the potential to contribute to economic growth."

Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec

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Related links

To learn more about XMetal Inc.

To learn more about Cotech Inc.

To learn more about the QEDP

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