Over $425,000 to support the growth of the company MF2 AERO

News release

Industry 4.0: an investment of $610,000 in Mauricie

Trois-Rivières, Quebec, July 8, 2019 – The governments of Quebec and Canada along with Investissement Québec award financial assistance totalling more than $425,000 to MF2 AERO for carrying out a project estimated at $610,000. With these contributions, the company will purchase new production equipment making it possible to install a second collaborative robot, which will perform various loading and unloading operations of parts to be machined.

Ms. Marie-Eve Proulx, Minister for Regional Economic Development, Mr. Jean Boulet, Minister of Labour, Employment and Social Solidarity, Minister responsible for the Mauricie Region and Member for Trois-Rivières, along with the Honourable François-Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of Infrastructure and Communities, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED), made the announcement today.

The Government of Quebec is awarding a total of nearly $260,000 in financial assistance to support MF2 AERO’s project. The Ministère de l'Économie et de l'Innovation is providing $135,000 through the Economic Diversification Fund for Centre-du-Québec and Mauricie, while Investissement Québec is providing a loan of $123,705 from its own funds.

The Government of Canada is awarding a repayable contribution of $166,590 under CED’s Regional Economic Growth through Innovation program.

Founded in 2000, MF2 AERO is a company that specializes in digitally controlled machining of industrial parts and stands out in the mining, ground transportation, aeronautics and industrial subcontracting sectors.

Quotes

“My priority as Minister for Regional Economic Development is to increase the economic vitality of Quebec’s regions and ensure that companies have the tools they need to grow and be involved in building their community's reputation. Industry 4.0 offers tremendous potential for ensuring companies’ longevity and the regions’ prosperity. So the Government of Quebec is proud to support MF2 AERO’s promising project, which will enhance the vitality of Mauricie.”

Marie-Eve Proulx, Minister for Regional Economic Development

“I am thrilled that the governments of Quebec and Canada are supporting MF2 AERO, a Trois‑Rivières company that is gaining momentum. Purchasing new state-of-the-art equipment will enable it to further accelerate its growth and maintain its enviable position in the aeronautics and ground transportation sectors, where it excels. It is innovative, high-performing companies like MF2 AERO that bring great pride to Mauricie.”

Jean Boulet, Minister of Labour, Employment and Social Solidarity, Minister responsible for the Mauricie Region and Member for Trois-Rivières

“MF2 AERO is a local company that has managed to come up with innovative solutions for improving its processes, adapt to change, and take steps to ensure its growth. I am pleased with CED’s support for this SME that contributes to Mauricie’s vibrancy and economic vitality.” 

The Honourable François-Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of Infrastructure and Communities

“As Minister of Innovation, Science and Economic Development, my objective is to help companies grow and innovate so they can become more productive and thereby increase their competitiveness. This is why we are supporting MF2 AERO, whose success reflects on the region and on the Canadian economy as a whole.” 

The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED

“Investissement Québec is proud to support MF2 AERO in its project to modernize its production equipment. We have made the innovative manufacturing sector a priority, and we intend to keep supporting its growth throughout Quebec, including by providing the necessary support to companies that, like MF2 AERO, have chosen to adopt innovative technologies in their growth actions.”

Guy LeBlanc, President and CEO of Investissement Québec

Quick facts

  • The Economic Diversification Fund for Centre-du-Québec and Mauricie [website in French only] provides flexible financial tools for supporting the creation, start-up and growth of high-performing, innovative companies in these regions, in addition to supporting projects for developing new products or processes.

  • CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

  • CED’s Regional Economic Growth through Innovation program is for entrepreneurs who focus on innovation for growing their company and making it more competitive, and for regional economic players that help create an entrepreneurial environment conducive to innovation and growth for all, in all regions.

  • To receive real-time news releases from the Ministère de l’Économie et de l’Innovation, subscribe to the appropriate RSS feed at www.economie.gouv.qc.ca/rss.

  • For more information about CED and its priorities, see the 2019-2020 Departmental Plan or visit www.dec-ced.gc.ca.

Contacts

  • Amélie Dionne
    Communications Director and Press Secretary
    Office of the Minister for Regional Economic Development
    Phone: 418-691-5650
  • Caroline D’Astous
    Press Secretary
    Office of the Minister of Labour, Employment and Social Solidarity and Minister responsible for the Mauricie Region
    Phone: 418-803-7563

Information

  • Jean-Pierre D’Auteuil
    Media Relations Officer
    Communications Branch
    Ministère de l’Économie et de l’Innovation
    Phone: 418-691-5698 ext. 4868
    Cell: : 418-559-0710
  • Isabelle Fontaine
    Senior Director of Public and Government Affairs
    Investissement Québec
    Phone: 514-876-9359
  • Media Relations
    Canada Economic Development for Quebec Regions
    Phone: 514-283-7443
    Email: dec.media.ced@canada.ca


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