January 9, 2015 Sydney, NS Atlantic Canada Opportunities Agency
An established leader in the synthetic rope industry, Polysteel Atlantic’s commitment to innovation and adaptation ties into its future plans. The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), is providing a $150,000 repayable contribution to Polysteel Atlantic Ltd. to increase the manufacturer’s overall efficiency through facility and equipment improvements. The project activities include upgrading manufacturing equipment, rope feeding systems and storage facilities.
With the support of ACOA’s Business Development Program (BDP), Polysteel’s increased efficiencies will improve the company’s position in export markets and enhance its ability to manufacture additional products.
Quick Facts:
- Polysteel Atlantic Limited was incorporated in 1997 and is located in the Sydport Industrial Park, outside of Sydney, Nova Scotia.
- The company manufactures cordage products and can custom make rope for specific purposes.
- Polysteel is a recognized leader in the North American rope industry in terms of quality and consistency.
- Polysteel rope is a specialized blend of polypropylene, high-density polyethylene and other additives and is a sought after product by many industries, including commercial fishing, aquaculture and fall protection.
Quotes:
“Our Government is committed to helping create the conditions for businesses to grow, compete, innovate and succeed. Our support for Polysteel Atlantic will help this Cape Breton company to enhance its productivity, improve its efficiency and diversify its markets, helping it to grow and further contribute to our region’s economy.”
- The Honourable Rob Moore, Minister of State (ACOA)
“With ACOA’s support, Polysteel Atlantic will undergo important equipment and facility upgrades which will enable us to begin producing and offering a new selection of products. These improvements will strengthen our position in international markets.”
- Sean Burke, Vice President and General Manager, Polysteel Atlantic Limited
Associated Link:
Contacts:
Kelsie Corey
Director of Communications
Office of the Minister of State
Atlantic Canada Opportunities Agency
613-941-7241
Sean Burke
Vice President and General Manager
Polysteel Atlantic Limited
902-562-8889
D.A. Landry
Communications
Atlantic Canada Opportunities Agency
902-564-3617
