Plastics manufacturer IPL Inc. is adopting new technologies that will reduce production costs and boost competitiveness, thanks to investments by the federal and provincial governments.
The Honourable Bernard Valcourt, Minister of State for Atlantic Canada Opportunities Agency (ACOA) and La Francophonie, and the Honourable Madeleine Dubé, Minister of Health, announced investments of almost $1 million towards the project.
“The Government of Canada’s central priority is the health of our economy and jobs and growth for Canadians,” said Minister Valcourt. “Through ACOA’s Business Development Program, our investment of $500,000 will help IPL acquire state of the art technology that will contribute to increase the company’s productivity and improve its competitiveness.”
“Investing in all regions of northern New Brunswick, including Madawaska is important for our government and businesses,” said Dubé. “Our investment in IPL Inc. will ensure the success of this important company to Edmundston and the region.”
IPL Inc. is planning to acquire an In-Mold Flexible system, a technology that will allow the company to use its existing labeling equipment to full capacity. The proposed upgrade will also help the company develop and manufacture a variety of new products, which will open up new markets.
“These new investments will allow IPL to compete in a food packaging industry where the clients’ demands are increasingly focused on customized products” said Pierre Hébert, Director General of IPL in Edmundston. “This equipment will enable Edmundston’s plant and its employees to continue on a path of growth and success.”
Through ACOA’s Business Development Program (BDP), the Government of Canada is providing a repayable contribution of $500,000 toward the project, while the Province of New Brunswick is investing an additional $480,000.
The next phase of Canada’s Economic Action Plan will continue to help all regions of the country move forward by creating the right conditions for job creation and economic growth. ACOA helps deliver the plan in Atlantic Canada by focusing on improved business skills and productivity, innovation, commercialization and adoption of new technologies, increased access for businesses to international markets, and stronger communities.
FOR BROADCAST USE:
Plastics manufacturer IPL Inc. in Edmundston is adopting new technologies that will reduce production costs and boost competitiveness, thanks to investments of close to $1 million by the federal and provincial governments.
The Honourable Bernard Valcourt, Minister of State for the Atlantic Canada Opportunities Agency and La Francophonie and the Honourable Madeleine Dubé, Minister of Health, were in Edmundston today to make the announcement. The Government of Canada, through ACOA’s Business Development Program, is providing a repayable contribution of $500,000 toward the project, while the Province of New Brunswick is investing an additional $480,000.
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INFORMATION:
Andrea Richer, Press Secretary
Office of Minister Valcourt
613-790-3637’
Bruce Macfarlane
Regional Development Corporation
506-444-4606
Stéphanie Bilodeau
Senior Communications Officer
ACOA New Brunswick
506-452-3034
stephanie.bilodeau@acoa-apeca.gc.ca
Pierre Hébert
General Manager, IPL Inc
506-739-9559
