Government of Canada Grants $261,320 in Funding to Emballage Coderre Packaging Inc.

News Release

Saint-Germain-de-Grantham, Quebec, November 8, 2007 Jacques Gourde, Member of Parliament for LotbinièreChutes-de-la-Chaudière and Parliamentary Secretary to the Honourable Jean-Pierre Blackburn, Minister of Labour and Minister of Canada Economic Development, took the opportunity while in the region today to announce that the firm Emballage Coderre Packaging Inc. will receive $261,320 in repayable funding to implement a productivity enhancement plan at its Saint-Germain-de-Grantham factory.
Founded in 1930, Emballage Coderre Packaging Inc. specializes in the manufacture of packaging products intended chiefly for the agri-food industry. This firm produces a wide range of containers and bags tailored to meet its customers' needs.
This funding from Canada Economic Development will enable the company to implement a productivity enhancement plan developed on the heels of a diagnostic recently conducted by an outside firm on the various operations of Saint-Germain-de-Grantham plant. As a result, Emballage Coderre Packaging Inc. will proceed with the purchase of new strategic equipment and reconfigure certain of its manufacturing areas. The company will also launch a commercialization strategy centred on a new line of value-added bags.
"Our support is directly in line with the measures we implemented in our last budget to help enterprises carry out major investments. One of these allows for manufacturing and processing firms to write off half of their investments in equipment and machinery over a two-year period. Furthermore, the tax cuts we announced last week in our government's economic update will enable Emballage Coderre Packaging Inc. to remain competitive by operating within the most advantageous fiscal environment in the industrialized world," said Mr. Gourde. "I am delighted to see that this contribution from the Government of Canada will help ensure the maintenance of 50 quality jobs as well as the creation of five new additional positions in Saint-Germain-de-Grantham."
"This support from Canada Economic Development is essential to the growth of our firm and will give us the tools we need to move forward with our project in the very short term. The lower manufacturing costs that will ensue will put us in a better position to hold our own with the competition and continue playing an active role in our community's development," noted Simon Coderre, General Manager of Emballage Coderre Packaging Inc.
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Sources:
Lyne Montpellier
Communications
Canada Economic Development
Tel.: 800-567-8637
E-mail: lyne.montpellier@dec-ced.gc.ca
Yan Plante
Press Secretary
Office of the Honourable Jean-Pierre Blackburn
Canada Economic Development
Tel.: 819-953-5646
E-mail: yan.plante@hrsdc-rhdsc.gc.ca

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Government of Canada Grants $261,320 in Funding to Emballage Coderre Packaging Inc.

News Release

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