Government of Canada supports growth of Quebec's automotive industry
Backgrounder
January 10, 2017 – Montréal, Quebec – Canada Economic Development for Quebec Regions (CED)
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, was at the North American International Auto Show and took the opportunity to announce that five Quebec enterprises in the automotive industry will share $2,476,500 in financial contributions. Granted under the Quebec Economic Development Program (QEDP), the funding will be used to increase productivity and production capacity of recipient businesses through the acquisition of equipment or the implementation of commercialization strategies.
Promoters
Polyrix specializes in industrial scanning technology. The Québec City enterprise recently developed the PolyScan, a 3D 360° scanner for the inspection and quality control of manufactured parts. Combining inspection speed, reliability and simplicity of use, the tool intercepts non-compliant or defective parts before their end-use in a final product (car, computer, robot, medical equipment, etc.).
CED’s financial assistance will help Polyrix grow through the commercialization of 3D scanners in the North American automotive industry.
The project is expected to create four jobs.
Verbom specializes in the design and manufacture of metal stamping tools and, more recently, the production of metal parts. The business has 225 employees and has developed a unique new aluminum-forming technology: HSBF (High Speed Blow Forming).
CED’s financial assistance will help Verbom increase the production capacity of its plants in Valcourt and Sherbrooke.
The project is expected to create 25 jobs.
Conception Génik Inc. has been an equipment supplier for the automotive industry for nearly 25 years. The enterprise specializes in the design and manufacture of automated assembly equipment.
CED’s financial assistance will help the business increase its production capacity through the acquisition of equipment and the expansion of its St‑Jérôme plant.
The project is expected to create 30 jobs.
Located in Clermont, Fibrotek manufactures composite parts and aluminum assembly jigs. It also provides precision machining, prototyping, engineering and design services. As part of a value chain, the business has numerous original equipment manufacturers and their direct subcontractors as clients, mostly in the automotive and aerospace industries.
CED’s financial assistance will help Fibrotek support its growth by hiring a consultant and acquiring a new machining centre.
Once completed, the project is expected to create 89 jobs.
Autodip is a small Québec City business specializing in the development of automobile vinyl wrap products that protect car paint against abrasions, salt, scratches, etc.
CED’s financial assistance will help Autodip carry out a set of commercialization activities to reach their customers in the American, Mexican and Australian markets.
The project is expected to create one job.
| Summary | |
|---|---|
| Number of projects: | 5 |
| Total contribution from Canada Economic Development: | $2,476,500 |
| Total investment generated by these projects: | $10,431,156 |
| Jobs created: | 149 |
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