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More than a million dollars to support the expansion and improve the productivity of three businesses in the Témiscamingue RCM

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More than a million dollars to support the expansion and improve the productivity of three businesses in the Témiscamingue RCM

Canada NewsWire

The Government of Canada supports Temisko, Cardinal Equipment and Les Jardins de l'Île projects

NOTRE-DAME-DU-NORD, QC, July 31, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate and to increase their productivity and competitiveness, while contributing to the economic vitality of the regions, creating good-quality jobs and improving citizens' quality of life.

Temisko, Cardinal Equipment and 4229339 Canada inc.- Les Jardins de l'Île will be able to rely on financial assistance from the Government of Canada to improve their production capacity, acquire strategic equipment and continue to grow. Their respective projects will generate investments totalling more than $2.2 million and will create five jobs in the region.

The Government of Canada's repayable contributions total $1,022,146 and were announced by Stéphane Lauzon, Member of Parliament for Argenteuil–La Petite-Nation and Parliamentary Secretary for Sport and Persons with Disabilities, on behalf of the Minister of Innovation, Science and Economic Development and Minister responsible for CED, the Honourable Navdeep Bains.

The funding, allocated under CED's Quebec Economic Development Program, will enable recipient businesses to attain their objectives.

Quotes

"I am delighted with the financial assistance being provided by the Government of Canada, which is focused on building on the expansion of these businesses in the Témiscamingue RCM that figure prominently in an ever‑changing market. Their expertise, drive and determination are a vehicle for growth, and I encourage them to continue on that path."

Stéphane Lauzon, MP for Argenteuil–La Petite-Nation and Parliamentary Secretary for Sport and Persons with Disabilities

"As the Minister of Innovation, Science and Economic Development, my goal is to help businesses prosper and innovate so that they may be more competitive and create good-quality jobs and wealth for Canadians. The support of these three businesses in the Témiscamingue RMC contributes, without question, to the achievement of these objectives and to the region's economic vitality." 

The Honourable Navdeep Bains, Minister responsible for CED

Quick Facts

  • CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
  • This year marks the 50th anniversary of federal regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local businesses.
  • For more information on CED and its priorities, consult the 2018-2019 Departmental Plan or visit www.dec-ced.gc.ca.
  • For more information about the six projects, please see the attached backgrounder.

Backgrounder

 

Proponent

Contribution – Investments – Project description

Temisko

A $755,986 repayable contribution out of a total investment of $1,511,971

Founded in 1969, Temisko (1983) Inc. specializes in the design and construction of customized semi-trailers and platforms to transport heavy, non-standard and extensible equipment. The company employs 95 people in Notre-Dame-du-Nord.

The purpose of the project was to support the company's growth by allowing it to increase its production capacity, expand its plant and acquire new equipment. CED supported the acquisition and installation of production equipment, such as aluminum welders, an automated welding robot, a forklift and overhead cranes.

The project created two jobs.

Cardinal Equipment Inc.

A $166,160 repayable contribution out of a total investment of $332,320

Since 1980, Cardinal Equipment Inc. has been manufacturing equipment mainly for sawmills and biomass conversion, such as heavy-duty electric carriages, log loaders, various types of conveyors, tilt hoists, board edgers, resaws, live decks and accumulation bins. The company employs 31 people in Angliers.

The purpose of the project is to enhance the company's performance in order to support its growth and improve its productivity. This includes replacing a plasma cutting table with a larger new-generation cutting table equipped with a five-axis head, as well as a greater capacity and precision HD plasma cutting system, and rearranging the workshop to install this cutting table, which will increase the plant's capacity. The project enabled the acquisition of the plasma cutting table, its installation and the rearrangement of the workshop.

4229339 Canada inc.- Les Jardins de l'Île

A $100,000 repayable contribution out of a total investment of $447,400

Founded in 2004, Jardins de l'Île is a limited liability company that farms land and grows raspberries, beans, squash, asparagus as well as medicinal plants (wheat grass and sprouting alfalfa). All its products are certified organic by ECOCERT®. Les Jardins de l'Île employs four people in Duhamel-Ouest.

The project aims to support the company's expansion through the introduction and implementation of the agri-food processing of vegetables. CED assistance will be used for the construction of a building, and the acquisition and installation of processing equipment, including a scale, steamers, a cold room, a built-in freezer and a packaging machine.

The project should create three jobs in the near future.

Summary

Number of projects:     3

Number of jobs created:          5

CED contributions:      $1,022,146

Total investments generated by these projects:          $2,291,691

 

 

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SOURCE Canada Economic Development for Quebec Regions

View original content: http://www.newswire.ca/en/releases/archive/July2018/31/c8188.html

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