Backgrounder - Sotrem, Usinage SM and Deliwok to carry out growth and development projects
Backgrounder
Government of Canada supports the development of three Saguenay businesses with nearly $1 million in financial assistance
May 2, 2018 – Saguenay, Quebec – Canada Economic Development for Quebec Regions (CED)
By investing in the production capacity of enterprises, the Government of Canada is standing by its commitment to help businesses expand, innovate and commercialize their products to create good-quality jobs and ensure prosperity for our regional and national economies.
David Lametti, Parliamentary Secretary to the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced that Sotrem (1993) Inc., Usinage SM (9088-9148 Québec Inc.) [website in French only] and Deliwok (9292-2913 Québec Inc.) [website in French only] have been granted repayable contributions of $583,558, $155,000 and $125,000, respectively, to increase their production capacity and optimize their manufacturing processes.
The funding has been awarded through CED’s Quebec Economic Development Program.
Sotrem (1993) Inc.
Repayable contribution of $583,558 out of a total investment of $1,290,815
The project consists in improving Sotrem’s performance by increasing its productivity and production capacity. It involves retrofitting the work spaces, making alterations to the existing building and acquiring strategic equipment.
Sotrem has been in operation for 22 years, having started up in the heat treatment of metals, and aluminum recycling and re-smelting, among other things, mostly for aluminum smelters and other businesses in the industry. In 2011, it added the manufacture of deox cones and specialized alloy ingots, and the production of aluminum granules, aluminum alloy sows and other value-added products designed for a targeted industrial clientele for its niche markets.
The project will help create five full-time jobs.
9088-9148 Québec Inc. (Usinage SM)
[website in French only]
Repayable contribution of $155,000 out of a total investment of $310,000
The project consists in improving the company’s productivity by adding higher performance equipment tailored to its needs, including a machining centre.
Usinage SM has been in business since 2000 and specializes in the manufacture and repair of metal parts. It operates mostly in high-precision machining and aluminum wheel repairs for heavy-duty vehicles.
The project is expected to create two jobs.
9292-2913 Québec Inc. (Deliwok)
[website in French only]
Repayable contribution of $125,000 out of a total investment of $250,000
The project consists in improving the performance of Deliwok by increasing its productivity. It involves retrofitting the production and handling areas and acquiring strategic equipment.
Deliwok is well established in the region, having been in business since 1999. It specializes in the manufacture of mostly Asian food products. Its fresh and frozen products are sold under the Deliwok brand and are marketed in Quebec and Canada in supermarkets, grocery stores and big-box stores.
The project will help create three full-time jobs.
Summary
- Number of projects: 3
- Number of jobs created: 10
- CED’s contributions: $863,558
- Total investments generated by these projects: $1,850,815
Source
Media Relations
Canada Economic Development for Quebec Regions
Tel.: 514-283-7443
Email: dec.media.ced@canada.ca