Quebec manufacturer APF Villeneuve receives automation funding from federal and provincial governments
February 6, 2024
By Manufacturing AUTOMATION
Quebec-based business specializing in machining of high‑precision components APF Villeneuve is receiving a total of $1.6 million in financial contributions from the Government of Canada, the Government of Quebec and Investissement Québec for an automation project to improve its productivity.
The company will use the funds to support the acquisition of two pieces of numerical control equipment. This automation project is valued at $2 million.
The Government of Canada, through CED, is granting a repayable contribution of $400,000 to the business for this project. For its part, the Government of Quebec is providing, through the ESSOR program, a loan of $600,000, and Investissement Québec is granting an equivalent loan from its capital funds.
“It is a priority of the Government of Canada to ensure communities prosper by guiding the country’s businesses and regions into tomorrow’s economy. That is why CED is proud to support APF Villeneuve, a leader in high-precision machining, in its efforts to implement its Industry 4.0 factory process. Its operations contribute greatly to the Lanaudière region’s economic vitality, and the success of its automation project will undoubtedly be felt right across the region,” said the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions.
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