Backgrounder: Details regarding contributions awarded to one organization and three businesses in Drummondville, in Centre-du-Québec
August 9, 2019 - Drummondville, Quebec – Canada Economic Development for Quebec Regions (CED)
The Fonds de développement économique Laprade-Drummond, Soucy Plastiques, Scott Bader ATC and Chrome Drummond, one organization and three businesses in Drummondville, will receive contributions totalling $3,129,109 from Canada Economic Development for Quebec Regions.
The Honourable François-Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of Infrastructure and Communities, made the announcement today. The funding awarded by the Government of Canada will enable the recipient organization and companies to achieve the objectives that they have set for themselves. Completion of the project will result in the creation of 14 jobs in Drummondville.
Non-repayable contribution of $1,779,109
The Fonds de développement économique Laprade-Drummond Inc. (CAE Drummond) is a non-profit organization whose mission is to stimulate economic development in its local communities.
The project aims to ensure the operation of the fund over a five-year period so that it can provide financing and support services to small businesses and young entrepreneurs, and carry out local economic development activities in its area.
CED’s contribution will cover all of the organization’s operating costs.
The project will maintain 4 jobs.
Repayable contribution of $800,000
Founded in 1987, Soucy Plastiques Inc. is an independent subsidiary of Soucy Group, a manufacturing company specializing in the moulding of ultra-high molecular density polyethylene parts for industrial markets, motor sports, the agricultural, defence and various other sectors. This SME primarily manufactures wheels and sprockets used in track traction systems found on certain vehicles.
The project aims to ensure the company’s growth by improving its productivity and optimizing its production capacity.
CED’s contribution will focus more specifically on the acquisition of new presses and quality control equipment, as well as the costs of robotization and automation for the handling and finishing of large parts.
The project will create 10 specialized jobs.
Repayable contribution of $350,000
Founded in 1988 in Drummondville, Scott Bader ATC Inc. specializes in the manufacturing of polyester and vinylester adhesives for the composites industry. Since 2013, the SME has been a subsidiary of the British multinational Scott Bader Company Limited, which acquired all its share capital. The multinational’s only Canadian factory markets more than 80 different adhesive formulations through a network of distributors as well as with a few customers who are primarily in the marine industry.
The project aims to support the company’s growth through the purchase of digital equipment. The investments will be used to renovate the plant, automate the supply and dosing of the resin and powders as well as implement an integrated production management system.
CED’s contribution will focus on automating the supply and dosing of resin and powders.
The project will help consolidate 26 jobs.
Repayable contribution of $200,000
Founded in 1987, Chrome Drummond (1987) Inc., also known as Placage CrD, is a manufacturing company specialized in zinc plating. Electro galvanizing is a process used to protect metal parts from corrosion. Although the company does not export directly, it is integrated into the value chain of several large exporting companies.
The project aims to ensure the company’s growth by improving its productivity and optimizing its production capacity. It involves building a new plant, acquiring new equipment and implementing an integrated production management system.
CED’s contribution will focus on the integrated management system and the acquisition of production equipment, which includes tanks for the plating line, a bridge crane and ventilation systems.
The project will create 4 jobs.
- Number of projects: 4
- Number of jobs created: 14
- CED’s contributions: $ 3,129,109
Canada Economic Development for Quebec Regions
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