How to resolve AdBlock issue? $49 M for Quebec car parts maker
- Details
- July 21, 2016
Raufoss Canada, a subsidisary of Norwegian manufacturer Neuman Aluminum, is investing $49 million to retrofit and expand production at its Broisbriand, QC, plant.
The project, which received $7 million in financial support under the ESSOR program administered by Investissement Québec and the Ministère de l'Économie, de la Science et de l'Innovation, will create some 60 jobs.
The manufacturer of forged aluminum car suspension components will install a hot forging line and new automated equipment, upgrade its existing line and develop new products. The company’s plans involve investing $9 million to design, develop and produce parts using new manufacturing processes.
“This initiative demonstrates our firm intention to pursue our operations in Québec, and that gives me great pride. The new investment will enable us to produce high-quality products at very competitive prices, which bodes well for our ability to secure new contracts from global automobile manufacturers,” says Jean Meredith, CEO of Raufoss Canada.
The demand for aluminum suspension arms is on the rise across the automotive industry because of new emission regulations, which are forcing manufacturers to reduce vehicle weights. Making North American vehicles lighter through the increased use of aluminum opens up prospects that are particularly enticing for Québec’s processing companies.
Raufoss is a subsidiary of Norwegian multinational Neuman Aluminium, which operates 13 plants across seven countries. First opened in 2001, the company’s Boisbriand plant is carrying out its third expansion since operations began. It exports its products to the U.S., Mexico, Germany and China.
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