Pointe-Claire, Quebec, November 2, 2007 Acting
on behalf of the Honourable Jean-Pierre Blackburn, Minister of Labour and
Minister of Canada Economic Development, the Honourable
Michael M Fortier, Minister of Public Works and Government Services
Canada and Minister responsible for the Montréal Region, today announced that
Fibres Jasztex Inc. of Pointe-Claire will receive $1,510,000 in
repayable funding to acquire modern strategic equipment for the manufacture of
high-quality synthetic fibres. This project will require an overall investment
of $3,620,000 and result in the maintenance of 126 jobs.
"This project, which focuses largely on productivity growth and innovation,
illustrates the determination of our textile industry in general, and of
Fibres Jasztex in particular, to adjust to the challenges of globalization
and find new market niches. The Government of Canada supports enterprises
seeking to make use of new technologies to ensure their growth, one of the goals
laid out in our Advantage Canada plan to help the country build a
prosperous future," stated Minister Fortier.
"This industry's success on world markets hinges on greater
competitiveness. That is why we encourage businesses to innovate and stand out
in the market. Implementing this initiative will allow Fibres Jasztex to
not only diversify its product range, but also to develop new market
opportunities. In so doing, the company will be in a better position to hold its
own with the competition," noted Minister Blackburn.
"With this support from Canada Economic Development, our company
will be able to improve its competitive standing, both domestically and in the
international marketplace. Maintaining our focus on research and development and
remaining on the lookout for technological advances will allow us to consolidate
our leadership position in the textile industry," added Alvin Zoltan,
President of Fibres Jasztex Inc.
Fibres Jasztex Inc., a leader in the field of recycled fibres,
specializes in the manufacture of high loft nonwoven fabrics from the short
fibres of recycled textiles and polymers. These products are used primarily in
the agricultural, medical, construction, transportation, apparel, civil
engineering and environmental sectors.
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Sources:
Nathalie JutrasCommunicationsCanada Economic
DevelopmentTel.: 514-283-2800E-mail: nathalie.jutras@dec-ced.gc.ca
Yan PlantePress SecretaryOffice of the Honourable Jean-Pierre
BlackburnCanada Economic Development
Tel.: 819-953-5646E-mail: yan.plante@hrsdc-rhdsc.gc.ca
