Subjects: ECO, CXP, CFG
Groupe AESP: Increasing production capacity to meet demand
Government of Canada awards $200,000 in financial assistance to the Saint-Eustache business
SAINT-EUSTACHE, QC, Feb. 21, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
As a true economic driver, innovation is the key to success in that it generates growth that benefits businesses and communities. That is why the Government of Canada is committed to supporting innovative Canadian businesses like Groupe AESP to help them grow and generate high-quality jobs.
Linda Lapointe, Member of Parliament for Rivière-des-Mille-Îles, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, today announced that a $200,000 repayable contribution has been granted to Groupe AESP to help it increase its production capacity, upgrade its technological level and become more competitive.
The company specializes in the design and manufacture of steel structures, guardrails, stairways, metalwork and structural metal.
Five years ago, Groupe AESP decided to focus on the manufacture of custom structural metal. Since then, the business has experienced very significant growth: its sales have tripled and its workforce more than doubled. It now has to increase its production capacity to meet demand. The current project consists in acquiring specialized, fully automated, state-of-the-art equipment for the processing of steel girders, thus supporting the company's growth.
Quotes
"Behind Groupe AESP's success are business people who dared to rethink their ways of doing things and their day-to-day approaches. In doing so, they have discovered and penetrated new markets. The Government of Canada's support reflects its commitment to innovative projects that spell success for entrepreneurs and growth for the Canadian economy."
Linda Lapointe, Member of Parliament for Rivière-des-Mille-Îles
"As Minister of Innovation, Science and Economic Development, my goal is to help enterprises grow and innovate so that they can become more competitive in the market and create high-quality jobs and wealth for Canadians. That is why we support businesses like Groupe AESP, whose successes benefit the region and the Canadian economy overall."
The Honourable Navdeep Bains, Minister responsible for CED
"CED's financial support is helping us acquire the tools we need to more effectively meet the demand of our growing clientele. And more importantly, it is allowing us to take another step toward the vision we adopted a few years ago."
Édouard Aubé, President, Groupe AESP
Quick facts
- CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
- For more information on CED's key directions until 2021, consult Strategic Plan 2021 or visit www.dec-ced.gc.ca.
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SOURCE Canada Economic Development for Quebec Regions
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