CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

LATEST MAGAZINE

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Government of Canada invests in Diacarb Tools’ competitiveness 

Share This Post
Diacarb specializes in the mass machining and manufacturing of small components that are complex and precise. PHOTO courtesy Diacarb Tools.

Supporting the digitization of manufacturing businesses contributes to economic development, says the federal government in announcing repayable contribution of $450,000 to Quebec’s Diacarb Tools. The support will enable the business to improve its productivity and competitiveness.

Diacarb specializes in the mass machining and manufacturing of small components that are complex and precise. For nearly 45 years, the business has stood out in many sectors of activity, such as optics, photonics, telecommunications, robotics, life sciences, transportation, and defence. In September 2023, the business was acquired by Marie-Eve Rachita and Louis Tremblay-Noël, with support from the Centre de transfert d’entreprise du Québec (CTEQ). The funding from CED will enable it to acquire production equipment such as a Swiss digital control tower.

The funds were granted under Canada Economic Development (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.

By helping them pursue their operations and by stimulating their growth, as is the case today, we are ensuring Quebec’s manufacturing industry plays a major role in Canada’s economic recovery,” said Annie Koutrakis, Member of Parliament for Vimy and  and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED.

Share This Post

 

Recent Articles




Wordpress Social Share Plugin powered by Ultimatelysocial
error

Enjoy this post? Share with your network