Technifab GC receives Government of Canada support to boost productivity

Technifab GC, a manufacturer of anchors for steel structures, pillars, and bridges, as well as threading on reinforcing steel, received two repayable contributions totalling $350,000 from the Government of Canada to improve its productivity.

With an initial $200,000 contribution, the SME was able to acquire and install production equipment, including two threading machines, a hybrid tower and a machining centre. With new funding of $150,000, Technifab GC,  which has resulted from the merger of Technifab and Atelier d’usinage Guy Côté,  will now be able to purchase a CNC machining centre, a machine to sharpen threading knives, a digital threader, a folding machine for anchors, and related equipment. These two projects will enable the business to increase its production capacity and productivity. With technical expertise in conventional and digital machining, the business is undergoing an important phase in its development, seeking to better meet the needs of its clientele of major Canadian prime contractors.

“To meet the ever-growing demand and address the labour shortage, in 2018 we invested in more modern equipment to increase our productivity. CED was there to support us in acquiring two new threaders, a hybrid tower, and a machining centre. This past December, we purchased a new machining centre, and we will proceed, in 2024, with the purchase of digital control threader. Once again, we have received financial assistance from CED, which we view as a veritable godsend given today’s interest rates. This support is enabling us to free up capital, which is already being reinvested in the business,” said Guy Côté, president and CEO of Technifab GC.

The funding announcement was made by the Honourable Marie-Claude Bibeau, Minister of National Revenue, on behalf of the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED.

The Government of Canada shared in a press statement that it recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they represent key assets in building a sustainable, inclusive economy.

“SMEs are at the core of community development, and we are proud to support them. We are helping them remain competitive by boosting their efforts to grow. I am therefore delighted with CED’s assistance for Technifab GC; the business’s contribution to Trois-Rivière’s economic vitality is undeniable! Without a doubt, the success and spin-offs of its projects to acquire equipment will be felt across the region and throughout Quebec and Canada, said Minister Ferrada.