Groupe Tremblay, an SME in the Montérégie region of Québec, has received funding of $925,925 from the federal government.
Groupe Tremblay specializes in the manufacture and processing of steel, worksite structure building, industrial maintenance, and the manufacture and recycling of cathode plates. It will apply the new funding to increase productivity and production capacity by acquiring latest-generation technology that will enable it to implement a new cathode plate manufacturing process and automate production.
This funding is awarded under the Steel and Aluminum Initiative of the Regional Economic Growth through Innovation (REGI) program, announced in March 2019. Administered by the regional development agencies (RDAs), the initiative provides targeted support to Canada’s small- and medium-sized enterprises in the steel and aluminum sectors.
“Through its strategy aimed at supporting companies in the steel and aluminum sectors, the Government of Canada has chosen to assist innovative Canadian companies that come up with new ways of creating value, and which are seeking to penetrate new markets,” said Mélanie Joly, Minister of Tourism, Official Languages and La Francophonie and Member of Parliament for Ahuntsic-Cartierville, who made the announcement of the funding.
“The funding awarded to Groupe Tremblay is intended to provide concrete support for companies that have demonstrated their expertise and their willingness to ensure their growth and create well-paying jobs for the middle class.”
In 2018, Canada’s steel and aluminum industries employed more than 33,500 Canadians and contributed $8.9 billion to Canada’s gross domestic product.