Backgrounder: Financial support for businesses active in Abitibi-Témiscamingue mining sector
Rouyn-Noranda, Quebec, February 18, 2021 – Canada Economic Development for Quebec Regions (CED)
The following information is in addition to the news release issued on February 18, 2021, on CED’s financial assistance, the businesses and their respective projects.
- Four projects supported by CED
- $2,227,500 in financial contributions from CED
- 63 jobs created and maintained
Géliko (in French)
Géliko is a corporation founded in 1998. The SME manufactures hydraulic cylinders and specialized metal parts for businesses in the mining industry. The hydraulic cylinders are primarily used in heavy machinery, nacelles, and mining, logging and farming equipment. Géliko does parts welding and machining, while the welding division of Accès Industriel, a company with which Géliko recently teamed up, has added mining vehicle repairs and manufacturing to its operations. Géliko is part of the value chain of major prime contractors in the mining industry.
The funding from CED aims to enhance the business’s performance, productivity and production capacity. It covers a building expansion and the acquisition and installation of the latest technology in manufacturing equipment. This repayable contribution of $1,362,500, granted under the REGI program, will enable this SME to create 10 jobs.
A corporation founded in 2000, Abitibi Geophysics underwent a merger in 2011 and has 62 employees. It develops, manufactures and markets instruments and software for electromagnetic, magnetic and induced polarization ground geophysical surveys for mining exploration firms both in Canada and around the world. It is seen as the world leader in mining geophysics technology and markets its specialized products and services in Canada and abroad through partnerships.
Abitibi Geophysics has received a $500,000 repayable contribution from CED to help it implement a marketing strategy based on strong development potential and the many projects it has under way in domestic (outside Quebec) and international markets. The contribution awarded under the QEDP will enable this SME to create 41 jobs over four years.
Founded in 1980, Clôture Abitem is a corporation with a general contractor licence that distributes and installs fencing and supplies security control products and ground support products for the mining industry. It also has a welding division that manufactures metal fabrications and erects steel structures. As part of the value chain of major prime contractors in the industrial, commercial and residential sectors, it helps mining companies secure their operations. It manufactures stairs, trailers, ladders, gangways, guard rails, beams, joists and bridging. It employs 25 people, and its clients consist mainly of mining, industrial and commercial firms.
Clôture Abitem has received a repayable contribution of $200,000 under the REGI program to help it enhance its competitiveness and increase its production capacity by installing a workshop to manufacture aluminum products intended primarily for the mining industry. The project includes the acquisition of digital equipment and an expansion of the production area and will enable this SME to create and maintain six jobs.
A corporation founded in 1999, Mecanicad is a leading plastic solutions producer, providing innovative ventilation shaft and connection products for use in underground projects. Innovative procedures to install and transport shafts enable the business to operate internationally. Mecanicad is recognized today as a ventilation expert, supporting engineering and development in the world’s largest mining companies. The business offers a quality product and service, thereby helping to reduce its clients’ operating costs and ecological footprint.
The funding from CED aims to help the business increase its production capacity and productivity by acquiring leading-edge digital and robotic equipment and the knowledge needed to operate it. This $165,000 repayable contribution, granted under the REGI program, will enable this SME to create six jobs.
Canada Economic Development for Quebec Regions
Office of the Minister of Economic Development and Official Languages
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