Premier Tech

Premier Tech

July 08, 2009 16:59 ET

Premier Tech Announces a $13.5 M Investment

RIVIERE-DU-LOUP, QUEBEC--(Marketwire - July 8, 2009) - Premier Tech announced today that its business unit Premier Horticulture has set up the financing for a major project aiming at improved productivity and accelerated commercial actions, in the presence of the Honourable Denis Lebel, Minister of State for Canada Economic Development. This announcement follows the signing of a financing agreement worth CA$4.9 M with Canada Economic Development (EDC).

This project represents a total investment of CA$13.5 M, and with it about a hundred jobs will be created or maintained within Premier Horticulture in the Lower St. Lawrence and North Shore regions.

This investment will allow Premier Horticulture to modernize two of its plants in Riviere-du-Loup and thus ensure its growth. It will also give the business unit the opportunity to develop an innovative commercial offer and optimize its manufacturing processes. With this strategy, Premier Tech expects an important growth of its foreign sales.

"This new program is in line with Premier Tech's vision, which has banked for the last 20 years on its strategic initiatives in order to maintain its technological and commercial leadership on the various markets in which it evolves", says Bernard Belanger, Chairman of the Board and Chief Executive Officer of Premier Tech.

CORPORATE PROFILE

For over 85 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its business units, gathered in three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies. They have the mission to become technological and commercial leaders in their respective fields of expertise. Buoyed by a multidisciplinary team of over 1 600 people located in America, Europe and Asia, Premier Tech is building on the development of its personnel, on Innovation, and on the introduction of value-added products and services. Its strategic approach is supported by ongoing worldwide market development actions.

Contact Information

  • Premier Tech
    France Begin Parent
    Communications Supervisor
    418-867-8883 ext. 6059
    418-862-6642 (FAX)
    begf@premiertech.com