Quebec metal products manufacturers receive over $790K for automated equipment
March 6, 2020 by Manufacturing AUTOMATION
The federal government is investing $797,400 in two Quebec metal products manufacturers to boost productivity and their production capacity.
ABM Précision Inc. specializes in the manufacture of punch die sets, moulds and templates and the computer-assisted design of parts in series.
Held and managed by two brothers, the family-run business will use its $480,000 repayable contribution to acquire and install automated production equipment with new technologies, including a digital machining centre, which will reduce internal manufacturing costs and increase production capacity.
Métallitech Inc., founded in 1995, is a manufacturing business working in metallic and non-metallic processing to make products used by contractors in the pulp and paper, forestry, mining and other industries.
It specializes in thermal spray coating, a special technique to treat dry surfaces used to improve the primary properties of the treated material. Thermal spray coating, which requires specialized expertise, brings additional protective features to the base material, including anti-wear, anti-corrosion, anti-sticking and conductivity properties.
The company is receiving $317,400 to acquire, among other things, robotic production equipment integrating new technologies, which will help Métallitech to remain competitive.
The funds are administered through the Canada Economic Development for Quebec Regions’ Regional Economic Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders.