Quebec SMEs to receive over $2.1M in federal funding for automation and jobs

August 28, 2019 – Four Quebec manufacturers in the steel and aluminum sector are receiving over $2.1 million from the federal government to increase productivity and add automated equipment. 

Canada Economic Development for Quebec Regions (CED) is administering $2,134,450 in non-repayable contributions to four companies in the Saguenay–Lac-Saint-Jean region: Ceradyne Canada ULC, CPI Structures Inc., Atelier Fabmec Inc. and EDS Group Inc.

Ceradyne Canada ULC operates in tertiary processing of aluminum and specializes in manufacturing niche products for the nuclear market. With $1 million in financial support, the company will be able to optimize and automate its process of manufacturing ingots by powder metallurgy.

The $540,000 for CPI Structures, a manufacturer of steel structures for construction of industrial, commercial and institutional buildings, will go towards the purchase of production equipment and cover the costs of specialized labour. Through this project, roughly 15 jobs will be created by the end of 2020.

Atelier Fabmec will receive $301,950 for adding technological equipment. Operating in the field of metal frame component manufacturing, the company will be able to improve the quality and diversification of its products, reduce its production costs and increase its product creation speed.

EDS Group specializes in refurbishing industrial equipment and manufacturing custom seals and industrial equipment. The $292,500 in financial assistance from CED will enable it to purchase a building and automated digital equipment. This contribution will improve the company’s capacity to expand into exporting new products.