Backgrounder: Support for STC Manufacturier and Distillerie du Fjord

October 12, 2018 – Saguenay, Quebec – Canada Economic Development for Quebec Regions (CED)

STC Manufacturier and Distillerie du Fjord will be able to rely on financial assistance from the Government of Canada to purchase state-of-the-art equipment to improve their productivity and increase their production capacity. Completion of their respective projects will generate total investments of close to $1.4 million.

Richard Hébert, Member of Parliament for Lac-Saint-Jean and Parliamentary Secretary to the Honourable Mary Ng, Minister of Small Business and Export Promotion, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced the repayable contributions, which total $462,500.

The funding is granted under the Quebec Economic Development Program.

STC Manufacturier

Repayable contribution of $95,000 out of a total investment of $190,000

A project aimed at improving STC Manufacturier’s productivity and increasing its production capacity was carried out through a contribution from CED used to purchase digitally controlled equipment.

Repayable contribution of $152,500 out of a total investment of $305,000

A previous project was also carried out to improve the company’s productivity and to increase its production capacity. The activities carried out under this project and funded by CED involved purchasing and installing digital equipment.

STC Manufacturier is a company that specializes in manufacturing steel doors and frames for the industrial, institutional and commercial sectors. This SME stands apart through its non-standard-oriented production and rapid manufacturing times. Founded in 1993, the company manufactures steel frames and doors for office buildings, institutions (prisons, courthouses, hospitals) and the commercial sector.

Distillerie du Fjord

Repayable contribution of $215,000 out of a total investment of $882,500

The project aims to ensure the growth of Distillerie du Fjord by increasing its production capacity and improving its productivity. Planned activities include purchasing production equipment, automating processes, putting up a building including professional fees and increasing the working capital.

CED’s contribution will go toward the purchase and installation of the new manufacturing equipment such as stills and tanks, the process automating and a portion of cost to put up the building pertaining to product manufacturing and storage.

Distillerie du Fjord is an innovative family business, founded in 2016 by a team of three entrepreneurs motivated by passion, thoroughness and a taste for innovation. Their mission is to master the art of distilling in order to create both classic and innovative alcohol products that will give spirit-lovers an experience of pleasure and taste.

Summary

• Number of projects: 3
• Number of jobs created: 3
• CED’s contributions: $462,500
• Total investments generated by these projects: $1,377,500