Investment in Automated Technology to Drive Growth and Create Jobs for Saint-Basile Company
News release
August 1, 2018 – Saint-Basile, NB – Atlantic Canada Opportunities Agency
Supporting businesses in rural communities helps create opportunities for business growth and good paying jobs for the middle-class and those looking to join it. Thanks to investments totalling almost $2.5 million from the Government of Canada, Corruven, a corrugated veneer manufacturing company in Saint-Basile will undertake two projects to bring an innovative new product to market, increase its exports, boost sales and create seven new full-time jobs.
René Arseneault, MP for Madawaska-Restigouche, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA) and the Honourable Amarjeet Sohi, Minister of Natural Resources Canada (NRCan), joined Corruven president Alain Bélanger to make the announcement today.
The Government of Canada’s investments will help the company to develop and acquire advanced automation equipment that will increase production of a new, green, corrugated veneer product. This new equipment will improve productivity by cutting manufacturing time in half, and reduce waste products. The funding will also enable the company to develop a comprehensive marketing plan to identify new markets and grow its exports.
ACOA is investing a total of $1 million in these two projects through its Business Development Program. NRCan is contributing an additional $1.25 million through its Investments in Forest Industry Transformation (IFIT) program, while the National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP) is providing $247,140.
These projects build on the Government of Canada’s commitment to drive economic growth in Atlantic Canada through the Atlantic Growth Strategy, by providing strategic investments for innovative projects that build on the region’s competitive advantages, such as its strong export potential, growing manufacturing sector, and skilled workforce.
Quotes
“The Government of Canada is deeply committed to helping Atlantic Canadian businesses grow and innovate so that they can continue to create good quality jobs and generate wealth within their communities. We are making strategic investments in companies like Corruven that are working with advanced technology and developing innovative products because we recognize that local businesses and entrepreneurs are crucial to the growth of Atlantic Canada’s economy and quality of life.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA.
“The Government of Canada’s IFIT program is helping companies like Corruven innovate and succeed. Projects like this not only create jobs and help grow Canada’s middle class, they are reducing our carbon footprint by bringing innovation and environmental sustainability to our forestry sector.”
- The Honourable Amarjeet Sohi, Canada’s Minister of Natural Resources.
Corruven is a local company that has taken tremendous strides, developing a new green product and introducing advanced technology into its manufacturing processes. Our government’s support through ACOA has helped this facility innovate, grow and move forward with its vision. With increased exports helping us build an international reputation, and the creation of new jobs, our whole region stands to benefit from Corruven’s success.”
- René Arseneault, Member of Parliament for Madawaska-Restigouche
“As a dedicated champion for the smart and responsible use of natural resources, Corruven has been working to bring its vision of a truly sustainable future to life in the Edmundston area since 2013. We are elated to work with industry leaders worldwide to create game-changing sustainable solutions with our innovative patented wood fiber technology. We’re very proud of the government’s continued support and funding, which is helping us play a role in helping Canada’s economy and climate change.’’
- Alain Bélanger, President, Corruven
Quick facts
-
Manufacturing provides jobs to 78,300 people in Atlantic Canada. In 2016, total manufacturing contributed $7.2 billion to Atlantic Canada’s GDP.
-
In Atlantic Canada, only 32% of firms have implemented digital technologies (source: Business Development Canada). To grow this number, the Government of Canada is collaborating with partners to develop a shared vision and focused strategy.
-
The Government of Canada, through ACOA, is committed to helping Atlantic Canadian manufacturers integrate new, innovative technologies into their traditional practices. ACOA has recently designed Advanced Manufacturing Technology Assessments to assist manufacturers that are seeking innovative solutions to increase their efficiency, productivity and competitiveness.
Contacts
Jennifer Houle
Senior Communications Officer
Atlantic Canada Opportunities Agency
506-261-5534
Alain Bélanger
President
Corruven
506-284-3100
Julie Root
Communications Advisor
Natural Resources Canada
506-452-3638
Page details
- Date modified: