Government of Canada supports Rotobec’s digitization project
News release
Sainte-Justine SME will receive $2.2M in financial assistance from CED.
Sainte-Justine, Quebec, May 3, 2023 – Canada Economic Development for Quebec Regions (CED)
SMEs have a key role to play in ensuring Quebec’s economic performance. They seek to innovate, grow, and prepare for the future and growth by boosting their competitiveness. That is why the Minister of Sport and Minister responsible for CED, the Honourable Pascale St‑Onge, has announced a repayable contribution of $2.2M for Rotobec Inc. for its digitization project.
This CED support will enable the business to acquire and install high‑tech equipment, including three digital machining centres that will increase its production capacity.
The main driver of the MRC des Etchemins’ economy, this manufacturing business specializes in designing and manufacturing quality, tough industrial handling equipment. Its clientele works in the forestry, rail, and steel recycling sectors. This project will enable the business to enhance its productivity with a view to clean growth and helping to strengthen metal production in the region.
A sustainable, just and more inclusive economic recovery relies, among other things, on the adoption of digital and technological solutions aimed at increasing business productivity. The Government of Canada supports SMEs by investing in technologies that enable them to scale up and improve their capacity. In this way, CED is providing concrete assistance to Quebec’s businesses, entrepreneurs, and workers so they can better position themselves and seize opportunities arising out of an economy in transition.
Quotes
“Helping businesses grow and innovate so they can enhance their competitiveness and create good‑quality jobs is a core priority for us. That is why we are providing our support to Rotobec, whose success is raising the profile not only of the Chaudière-Appalaches region, but also of the entire Canadian economy. We are here to assist workers and Quebec and Canadian SMEs. By helping them equip themselves with what they need, together, we are continuing to build an economy that is stronger, more resilient, and more sustainable.”
The Honourable Pascale St‑Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED
“Canada Economic Development for Quebec Region’s financial support for our project to acquire equipment will enable Rotobec to optimize its manufacturing processes so as to continue to raise industry standards. These investments will make it possible to increase our manufacturing capacity in order to support the business’s ongoing growth.”
Lise Leblanc, Director of Finance, Rotobec Inc.
Quick facts
- CED is a key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.
- The funds announced today have been granted under the Jobs and Growth Fund (JGF). This program targets businesses and economic organizations to help them prepare local economies for long-term growth. It involves strategic investments in projects that prepare businesses for the future through the adoption of digital technologies.
Associated links
Information
Media Relations
Canada Economic Development for Quebec Regions
media@dec-ced.gc.ca
Ariane Joazard‑Bélizaire
Press Secretary
Office of the Minister of Sport and Minister responsible for Canada Economic Development for Quebec Regions
ariane.joazard-belizaire@pch.gc.ca
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