The Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions (CED), the Honorable Mélanie Joly; the Member for Rouyn-Noranda-Témiscamingue and Minister for the Economy and Small and Medium Enterprises, Daniel Bernard; the Member for Abitibi-Ouest and Parliamentary Assistant to the Minister for the Regions of Abitibi-Témiscamingue, Suzanne Blais; and Investissement Québec are announcing financial support for Témisko. Located in Notre-Dame-du-Nord, in Abitibi-Témiscamingue, this business specializes in the manufacture of custom-built semi-trailers for the industrial and commercial sectors.
With support totalling $2.7 million from the Government of Quebec and Investissement Québec, as well as financial assistance of $676,117 from the Government of Canada, this manufacturing SME will be able to acquire two new laser cutting tables, a computer numerical control tower, and a machining centre. Valued at $4.7 million, this project will enable it to create up to 15 jobs and increase its local production capacity.
By supporting a well-established local business, the governments of Quebec and Canada reaffirm their commitment to supporting the competitiveness and productivity of Quebec SMEs and regional economic development, including in Abitibi-Témiscamingue.
Quotes
"Since the beginning of the trade war, our businesses have faced economic upheavals with remarkable resilience. Today, I am proud to announce CED's support for Témisko and its project to increase its production of semi-trailers and specialized transportation equipment. This funding is intended to strengthen its competitiveness in order to counter tariff pressures. Increasing production capacity, improving productivity and, above all, diversifying markets are concrete levers to ensure our manufacturers are decisively oriented towards the future and the world."
The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Industry and Minister responsible for CED
"A region's vitality depends largely on the activities of its SMEs, and it is with ambitious projects like Témisko's that we will continue to build a strong, innovative Quebec. This support from our government will enable this business to be even more efficient and remain competitive in its markets. Forward-looking initiatives like these help protect our SMEs and our local economy."
Daniel Bernard, Member for Rouyn-Noranda-Témiscamingue and Minister for the Economy and Small and Medium Enterprises
"Témisko actively contributes to Abitibi-Témiscamingue's dynamic economy and has been creating quality jobs in the region for several decades. Congratulations to the business's leaders on this growth project, which will create new career opportunities and have significant benefits for the community!"
Suzanne Blais, Member for Abitibi-Ouest and Parliamentary Assistant to the Minister for the Regions of Abitibi-Témiscamingue
"In the current economic climate, it is more necessary than ever to invest in boosting productivity and business competitiveness in strategic areas, such as the manufacturing sector. It is a direct way to strengthen the region's entrepreneurial fabric, create quality jobs, and build a prosperous future for the regions, including Abitibi-Témiscamingue."
Bernard Drainville, Minister of Economy, Innovation and Energy and Minister Responsible for Maritime Strategy
"The grand V initiative from Investissement Québec is here for businesses like Témisko that want to invest and accelerate their productivity. With the acquisition of state-of-the‑art equipment, the business will be able to increase its production capacity, be more competitive, create new quality jobs, and continue to expand both in Quebec and on North American markets."
Bicha Ngo, President and CEO, Investissement Québec
"This project gives us the means to continue our growth and strengthen our competitiveness. This is excellent news for Témisko, our employees, and the entire region."
Nelson Pouliot, General Manager, Témisko
Highlights
- Founded in 1969, Témisko is a Quebec business specializing in the manufacture of custom-built semi-trailers to meet the specific needs of the industrial and commercial sectors.
- For this project, the Government of Canada is providing a non-repayable contribution of $676,117 under the Regional Tariff Response Initiative, which is part of CED's Regional Economic Growth through Innovation program.
- Financial assistance from the Government of Quebec includes $1.35 million from the ESSOR program (productivity project), administered by Investissement Québec on behalf of the government, as well as a $1.35 million loan granted through Investissement Québec's grand V initiative.
- The ESSOR program is intended for Quebec businesses that want to accelerate the completion of an investment project, increase their productivity through the acquisition of new technologies, or reduce their environmental footprint.
- The grand V initiative is designed to stimulate investment in businesses and accelerate their shift towards innovation and sustainable productivity to drive their growth.
Stay connected
Canada Economic Development for Quebec Regions (CED):
