May 23, 2019 – Balmoral, NB – Atlantic Canada Opportunities Agency
Innovation is critical to the economic success of Atlantic Canada. Businesses that innovate increase their resiliency, growth, and competitiveness in the global marketplace. Developing industry-leading innovations creates export opportunities that generate wealth in our region and employment in our communities.
To this end, A. Landry Fabrication is developing a new model of its Landrich tree harvester for the forestry industry. Updates to the harvester include a new diesel engine that minimizes fuel consumption and reduces emissions. The project will create three new full-time jobs, with the potential to create 15-30 more full-time jobs by 2021.
The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), is providing a conditionally repayable contribution of $500,000 for this project.
René Arseneault, Member of Parliament for Madawaska-Restigouche, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA, made the announcement today.
The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping small and medium-sized businesses to start up, expand or modernize and supporting not-for-profit organizations to fuel business growth. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
“Our government is investing in strategic projects to empower communities across the country so Canadians in every region can compete and succeed in the global economy. Today’s investment in A. Landry Fabrication is building on our competitive advantages by modernizing heavy equipment with more efficient technology that will reduce fuel consumption and emissions, to boost economic growth and create good, middle class jobs for Canadians.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“It is exciting to see A. Landry Fabrication innovate to reduce its impact on the environment and solidify its position as an industry-leader in the forestry equipment sector. I am pleased to see our government’s support for this project and for the jobs it will create in this community.”
– René Arseneault, Member of Parliament for Madawaska-Restigouche
“ACOA’s support in research and development projects is important, and it has been an important partner from the start. It has participated in the project from the very beginning, in the study phase all the way to the prototype. Today, this repayable contribution is enabling us to develop the new model, the LANDRICH 2.0.”
– Serge Landry, Vice President-General Manager, A. Landry Fabrication
The Government of Canada invested $500,000 in this project through ACOA’s Business Development Program (BDP).
The BDP primarily assists Atlantic Canadian entrepreneurs who want to start a business, increase productivity or improve operations.
The Business Development Program continues to build on the objectives of the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.
A. Landry Fabrication Ltée builds and assembles equipment for the forestry and heavy equipment sectors.