Quebec’s Les Ateliers de fabrication du Saguenay has received a $200,000 repayable contribution from the Canada Economic Development for Quebec Regions (CED) to help the company increase both its productivity and production capacity.
Les Ateliers de fabrication du Saguenay specialize in designing and manufacturing steel and aluminum products for the agriculture, railway, and industrial sectors. Founded nearly 30 years ago, the fabricator is engaged in the production of agricultural equipment for conditioning and packaging garden produce. The project supported by CED involves acquiring a state-of-the-art digital-command plasma cutting table and peripheral production equipment such as a horizontal folding machine and a milling machine.
“Acquiring this new equipment is enabling us to continue with the technological and digital shift we began a few years ago and thus ensure our business will grow sustainably by increasing both our productivity and our efficiency. In the current economic situation, CED’s financial assistance represents a considerable boost that will enable the business to continue to expand its presence in the community,” said Caroline Morrier, Secretary-Treasurer, Les Ateliers de fabrication du Saguenay
The funds have been granted under CED’s 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 helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
SMEs represent 99.7% of Quebec businesses and contribute to 50% of the province’s GDP.