The governments of Canada and Quebec are providing financial support to Graphie to support the modernization and expansion of its manufacturing operations.
The Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions (CED), the Honourable Mélanie Joly, and the Member for Côte‑du‑Sud, Mathieu Rivest, on behalf of the Minister of Economy, Innovation and Energy and Minister Responsible for Maritime Strategy, Bernard Drainville, made the announcement.
Thanks to this funding totalling $900,000, Graphie-a manufacturing business in La Pocatière specializing in precision metal processing and industrial identification-will be able to proceed with a 3,000-square-foot expansion and acquire new equipment, including a folding press, a laser cutting machine and a robot.
This project, with a total value of $1.25 million, aims to increase the business's productivity and manufacturing capacity. Graphie thus plans to diversify its operations, expand its markets, reduce production time, improve the quality of its products and meet demand even more quickly, including in the transportation and defence sectors.
Ottawa and Québec are pursuing their commitment to boost growth among Quebec businesses by making targeted investments to stimulate their efficiency and the creation of wealth across all regions. This is a direct way to build a prosperous future for the Bas‑Saint-Laurent region and Quebec as a whole.
Quotes
"Small and medium-sized businesses are at the core of development in our communities and the Government of Canada's economic growth plan. Through this investment, our government is helping Graphie remain competitive, expand and diversify its markets and modernize its manufacturing processes. In a highly competitive global climate, strategic investments will make it possible to strengthen our economy, make it more resilient and create quality jobs across Quebec."
The Honourable Mélanie Joly, Minister of Industry and Minister responsible for CED
"SMEs such as Graphie are essential for our regions. It is a priority for the Government of Quebec to provide them with a stimulating business environment conducive to their success. In today's economic climate, we must invest to make our businesses strong, resilient and competitive. Fostering productivity is an effective way to protect our economy."
Bernard Drainville, Minister of Economy, Innovation and Energy and Minister Responsible for Maritime Strategy
"It is important for our government to foster modernization in the manufacturing sector. We are willing to support initiatives that present the potential for significant economic benefits for the regions. This investment enables a well-established business here at home to continue to perform efficiently and innovate and to adapt to an evolving industry."
Mathieu Rivest, Member for Côte-du-Sud
"By strengthening our manufacturing capabilities, this project places Graphie in an even better position to meet the needs of demanding sectors such as transportation and defence. We will be able to provide increased productivity, better reactivity and a level of quality that measures up to expectations in these markets."
François-Olivier Morin, President and CEO, Graphie
Quick facts
- Located in La Pocatière, Graphie specializes in precision metal processing, including laser cutting, Computer Numerical Control bending, welding, finishing and the assembly of tailored metal components. With its expertise in industrial identification, it completes its offering of integrated manufacturing services. Its products and sub‑assemblies are sought after in the fields of transportation, energy, high technology, medicine and defence.
- The repayable financial contribution of $312,500 from the Government of Canada has been provided under CED's Regional Economic Growth through Innovation (REGI) program.
- The project also involves a loan of $212,500 from Investissement Québec through the "grand V" initiative, as well as a loan of $375,000 under the ESSOR program (Productivity component).
- The REGI 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.
- The aim of the "grand V" initiative is to stimulate investment in businesses and to accelerate their shift towards innovation and sustainable productivity in order to propel their growth forward. A total of $2 billion in funding has already been granted during the first year of this initiative.
- The ESSOR program targets Quebec businesses that wish to accelerate an investment project, increase their productivity by acquiring new technologies, or reduce their environmental footprint.
