Canada Economic Development for Quebec Regions

Canada Economic Development for Quebec Regions

April 16, 2015 10:30 ET

UDI Equipment Inc. (Universal Roll) Bolstering Exports With Support from the Government of Canada

Laurier-Station enterprise pursues growth by expanding into new markets and raising productivity

LAURIER-STATION, QUEBEC--(Marketwired - April 16, 2015) - Canada Economic Development for Quebec Regions (CED)

Acting on behalf of 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, Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec, announces that the firm UDI Equipment Inc., known under the name Universal Roll, has been granted financial assistance to implement an international commercialization strategy and pursue its efforts to increase productivity.

This support is being awarded in the form of a $120,000 repayable financial contribution through CED's Quebec Economic Development Program.

Quick facts

  • Universal Roll specializes in the design and custom manufacture of industrial conveyor rolls. Its patented technology mainly serves the mining sector and aggregate manufacturers, both on national and international markets.
  • The financial assistance will enable Universal Roll to implement a commercialization strategy aimed at mining companies in the United States, Peru, Zambia and South Africa, among others.
  • This contribution will also allow the firm to acquire equipment to help improve its productivity.

Quotes

"By lending support to Universal Roll, our government is showing once again that it is committed to promoting business development and to encouraging enterprises to invest and seek out new markets, while at the same time giving new impetus to our economic growth and job creation objectives."

Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec

"The financial support of CED has been essential in our efforts to conquer new markets. As an innovative business, we must constantly strive to meet our customers' expectations by offering top-of-the-line products that are well tailored to their needs, notably in terms of durability."

Patrick Lemay, President, Universal Roll

Related link

Universal Roll Website: http://www.universalroll.com/

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