Le Lézard
Classified in: Mining industry, Business
Subjects: EXE, ECO, POL

GO Usinage will be able to improve productivity and expand



Government of Canada awards more than $200,000 to this Trois-Pistoles business

TROIS-PISTOLES, QC, Oct. 2, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

Businesses need to be able to rely on adequate resources to create and commercialize innovative products. The Government of Canada is committed to supporting innovative Canadian enterprises. As a true economic driver, innovation is the key to success because it generates growth that benefits businesses and communities.

Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, David Lametti, Member of Parliament for LaSalle?Émard?Verdun and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development, announced that GO Usinage Inc. has been granted a repayable financial contribution of $202,400. The funding has been awarded through CED's Quebec Economic Development Program.

The Government of Canada support will go toward the acquisition of production equipment (machining centre, CNC lathe, folding machine, milling machines, etc.) that will help the business improve its productivity and expand.

Founded in 2015, GO Usinage is a machining company that designs, manufactures, modifies and assembles top-flight equipment parts for manufacturers in many sectors. It is the only Bas-Saint-Laurent business that offers a metal soaking method that increases the resistance and durability of parts.

Quotes

"I am very pleased about the Government of Canada's support for this bold and resilient enterprise that quickly rose from the ashes of the 2016 fire, acquiring higher-performance equipment to increase its production capacity and product offering and consolidating the jobs of its eight employees."

David Lametti, Member of Parliament for LaSalle?Émard?Verdun and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development

"By helping businesses invest in equipment and machinery that will make them more productive and by encouraging product commercialization and market development projects, the Government of Canada is standing by its commitment to stimulate expansion, innovation and exports."

The Honourable Navdeep Bains, Minister responsible for CED

"The community has given us a lot of support since the unfortunate incident of 2016, and the Government of Canada's financial contribution will help us reach our growth and expansion goals. The acquisition of even higher-performance equipment is a big step in that direction."

Michel Ouellet, President, GO Usinage Inc.

Quick facts

Stay connected
Follow CED on Twitter, LinkedIn, YouTube
Follow GO Usinage on Facebook

 

SOURCE Canada Economic Development for Quebec Regions


These press releases may also interest you

14 déc 2017
Corsa Coal Corp. ("Corsa" or the "Company"), a premium quality metallurgical coal producer, today announced its guidance for 2018. "2017 has been a year of tremendous growth and record profitability for Corsa, driven by strong volume growth across...

14 déc 2017
Clean Commodities Corp. ("Clean Commodities" or the "Corporation") is pleased to report that is has closed the second and final tranche of its previously announced private placement (see news releases dated December 5, 2017 and November 30, 2017)...

14 déc 2017
The Honourable Catherine McKenna, Minister of Environment and Climate Change, announced today that the proposed Ajax Mine Project, located near the City of Kamloops, British Columbia, is likely to cause significant adverse environmental effects and...

14 déc 2017
/THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE...

14 déc 2017
Albemarle Corporation , a leader in the global specialty chemicals industry, announced today that it has signed a definitive agreement to sell its polyolefin catalysts and components business to W. R. Grace & Co. in a cash transaction valued at...

14 déc 2017
RNC Minerals ("RNC") is pleased to announce that it has restructured its financing package with Auramet International LLC ("Auramet") to fund the repayment of all obligations under the Senior Secured Gold Loan entered into in October 2016 and...




News published on 2 october 2017 at 14:30 and distributed by: