Canada Economic Development

Canada Economic Development

November 12, 2010 12:33 ET

Temporary Initiative for the Strengthening of Quebec's Forest Economies

$30 million awarded to date for Quebec, more than $3 million of it for Chaudiere-Appalaches

SAINT-LAMBERT-DE-LAUZON, QUEBEC--(Marketwire - Nov. 12, 2010) - Acting on behalf of the Honourable Denis Lebel, Minister of State for Canada Economic Development, Jacques Gourde, Member of Parliament for Lotbinière–Chutes-de-la-Chaudière, today gave a first progress report on the financial assistance awarded to the Chaudière-Appalaches region under the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE). To date, $30 million has been invested in Quebec as a whole. In the Chaudière-Appalaches region, $3,025,000 in federal funding has been granted to 13 projects under this initiative. These projects will generate investments of $9,775,000 and their proponents expect that 278 jobs will be created and maintained.

"The report I am presenting today illustrates the Government of Canada's determination to support our industries, create jobs and spur regional economic growth. Canada Economic Development's contribution to Produits de plancher Finitec Inc. is a good example of this. In fact, I encourage Chaudière-Appalaches enterprises and organizations to submit projects," said Mr. Gourde.

In effect since June 2010, the TISQFE is aimed at assisting communities affected by the forestry crisis in diversifying their economies to sustain their growth and in creating and maintaining jobs. "Its goal is also to support small and medium-sized enterprises in these communities in their efforts to ensure their survival and sustainable development," Mr. Gourde concluded.

The $30 million will serve to carry out 79 projects across Quebec. These projects will generate investments of close to $115 million in the various regions affected by the forestry crisis and their proponents estimate that 1,645 jobs will be created and maintained.

The TISQFE is one of a series of measures our government has introduced in recent months to mitigate the effects of the forestry crisis. Others include the $1 billion granted to the Pulp and Paper Green Transformation Program to help enterprises undertake environmentally-friendly projects within their facilities and the $230 million invested, in collaboration with the Government of Quebec, for silvicultural work and the restoration of bridges and culverts on forest roads. Workers are also benefiting from their fair share of support, with the Government of Canada introducing some of the most generous measures in history to help them through the economic crisis.

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Backgrounder

Status report on projects funded under the Temporary Initiative for the Strengthening of Quebec's Forest Economies Chaudière-Appalaches

Proponent Description - Investment - Contribution
Beauce-Sartigan RCM
Usimax Inc. Repayable contribution of $250,000 on a total investment of $1,400,000. Usimax Inc. specializes in gearbox machining for industrial snow blowers and spreaders. The project involves the acquisition of specialized equipment for the manufacture of gears of all kinds and is part of a productivity and production capacity enhancement plan.
Norgate Metal Inc. Repayable contribution of $300,000 on a total investment of $1,805,000. The enterprise is specialized in the design and fabrication of structural steel for commercial and institutional buildings. The project involves the acquisition of equipment used in various steel transformation processes. The Agency's contribution is limited to the steel drilling and sawing unit in La Guadeloupe.
Stekar Systems Inc. Repayable contribution of $100,000 on a total investment of $250,000. This firm designs, manufactures and commercializes, among other things, aluminum architectural panels for the construction and renovation of commercial, institutional and industrial buildings. The project consists of purchasing computer numerically controlled equipment for aluminum frame machining and extrusion.
Matiss Inc. Repayable contribution of $240,000 on a total investment of $960,000. Specializing in developing automation strategies, Matiss designs and manufactures production equipment that helps improve manufacturing processes. The project consists of reviewing the firm's food cutting line to reposition Matiss as a manufacturer of pre-developed, rather than custom, equipment, and thereby extend its client base. Management intends to develop, according to different time frames, medium and large production rate equipment.
Les Etchemins RCM
Le Spécialiste du bardeau de Cèdre Inc. Repayable contribution of $180,000 on a total investment of $410,000. This cedar shingle manufacturer's products consist of shingles of different grades, colours and finishes. The project involves the acquisition and installation of three next generation shingle machines, adaptation of the existing conveyors and expansion of the plant mezzanine. This project is part of the company's long-term development strategy which consists of developing new markets.
Lotbinière RCM
Alutrec Inc. Repayable contribution of $406,000 on a total investment of $580,000. Alutrec Inc. develops and manufactures aluminum flatbed semi-trailers. The project primarily involves automating plant trailer manufacturing operations by acquiring a computer numerically controlled machine for cutting and drilling the aluminum, an automated welding machine and trailer manufacturing templates.
Métalflex(9210-1294 Québec Inc.) Repayable contribution of $390,000 on a total investment of $1,435,000. Métalflex is a startup business that subcontracts in automated laser cutting and metal bending for steel manufacturing firms. The project involves the acquisition of strategic equipment.
Nouvelle-Beauce RCM
ADS Inc.  
Repayable contribution of $338,000 on a total investment of $1,015,000.
A major textile manufacturer, ADS Inc. develops and commercializes a wide range of products in a variety of fields.
The project aims to equip the company with a production infrastructure that will enable it to manufacture, according to the standards in force, nonwoven materials for the medical sector. The initiative involves acquiring strategic equipment, adapting the fabrication process to U.S. standards and developing a commercial strategy for the network of Canadian and U.S. prime contractors.
Trimax Steel Repayable contribution of $120,000 on a total investment of $240,000. Trimax Steel specializes in the design and manufacture of structural steel for commercial and institutional buildings. The project involves the acquisition of a laser cutting table.
Produits de plancher Finitec Inc. Repayable contribution of $126,000 on a total investment of $180,000. Finitec specializes in the design and manufacture of thermo-acoustic membranes for hardwood, concrete and ceramic floors. It also boasts a wide array of floor finishing, restoration, maintenance, protection and cleaning products. The project is aimed at commercializing all of the company's floor product lines internationally.
Robert-Cliché RCM
Plasti-Tom Inc. Repayable contribution of $75,000 on a total investment of $250,000. Plasti-Tom specializes in the pressure injection moulding of plastic parts for the construction industry. The project involves enlarging the existing building and acquiring specialized equipment for the moulding of plastic components and is part of a broader productivity and production enhancement plan based on an internal diagnostic. The Agency's contribution applies solely to the acquisition of equipment.
Les Mouleurs de Beauce Inc. Repayable contribution of $250,000 on a total investment of $650,000. This enterprise designs and manufactures thermoplastic parts for various industrial applications. The project is aimed at supporting the company's productivity enhancement strategy. It involves the expansion of the Saint-Joseph-de-Beauce plant and the acquisition of a 400-ton plastic injection press.
Déflex Composite Inc. Repayable contribution of $250,000 on a total investment of $600,000. Déflex Composite Inc. specializes in composite materials processing. Its activities involve the subcontract manufacturing of fibreglass components for various sectors, including transportation and agriculture. The project consists of acquiring a fibreglass pulverizing robotic cell which will strengthen Déflex Composite's ability to meet the requirements of prime contractors and better integrate into their value chains.

Summary

Total number of projects: 13

Contributions from Canada Economic Development: $3,025,000

Investments generated by these projects: $9,775,000 

Contact Information

  • Source:
    Canada Economic Development
    Office of the Honourable Denis Lebel
    Benoit Fortin - Special Assistant, Communications
    819-997-3319
    benoit.fortin@dec-ced.gc.ca
    or
    For information:
    Canada Economic Development
    Guylaine Beaudoin - Communications
    418-648-4679
    Cell.: 418-580-8215
    guylaine. beaudoin@dec-ced.gc.ca