Backgrounder: Details of contributions awarded to three Drummondville companies

April 17, 2019 – Drummondville, Quebec – Canada Economic Development for Quebec Regions (CED)

Kombu Inc., Matritech Inc. and Lemire Precision Inc. will be able to continue to grow by receiving repayable contributions totalling $475,000 from Canada Economic Development for Quebec Regions.

Richard Hébert, Member of Parliament for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Business and Export Promotion, announced that funding today. The Government of Canada’s assistance will enable the recipient companies to achieve the objectives that they have set for themselves. By carrying out their respective projects, they will generate total investments of over $2 million and create 11 new jobs in the Drummondville region.

The funding is awarded under the Quebec Economic Development Program and will enable the recipient companies to achieve the objectives that they have set for themselves.

Kombu Inc.

Repayable contribution of $200,000 out of a total investment of $910,000

Launched in 2018, Kombu Inc. is a new agri-food company located in the incubator of the Société de développement économique de Drummondville (SDED). Established by two young entrepreneurs, the company specializes in producing sparkling beverages based on kombucha, fruit and local flavours.

The project aims to ensure the growth of this new company. CED’s contribution will be used to purchase and install automated production equipment that includes a bottling machine and an integrated production management system.

The project will create six jobs.

Matritech Inc.

Repayable contribution of $150,000 out of a total investment of $715,000

Founded in 1989, Matritech Inc. has 127 employees and specializes in metal processing. Its service offering includes die and mould design, stamping, laser cutting, punching, bending and welding. This company is international in scope and does most of its selling to major contractors in the transportation and recreational vehicle sectors.

The project aims to ensure the growth of Matritech through the installation of innovative equipment and to improve its productivity through the purchase of digital equipment. CED’s assistance will be used for assembling the robotic nail plate packaging cell, and for purchasing and installing a latest-generation press brake.

Lemire Precision Inc.

Repayable contribution of $125,000 out of a total investment of $395,000

Founded in 1981, Lemire Precision inc. specializes in machining from metal bars for the manufacture of small, high-volume parts for the needs of major contractors. The company is the largest screw machining plant in Quebec and forms part of the value chains of several sectors, including the automotive industry and recreational products.

The project aims to support the growth of this exporting company through the purchase of digital equipment. CED’s contribution will cover the cost of purchasing two latest-generation digitally controlled machining centres.

The project will create five jobs.

Summary

Number of projects: 3
Number of jobs created: 11
CED’s contributions: $475,000
Total investments generated by these projects: $2,020,000