A Lanaudière-region business invests in innovation, optimizes the layout of its plant and introduces a culture of "lean" manufacturing
The Government of Canada awards a total of $2.6M in financial assistance to Mailhot Industries
SAINT-JACQUES-DE-MONTCALM, QC, Jan. 14, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Mailhot Industries is an innovative SME located in Saint-Jacques in the Montcalm RCM. To allow it to continue improving its production process and remain competitive, the business will receive two repayable contributions totalling $2,600,000 from Canada Economic Development for Quebec Regions.
Founded in 1956, Mailhot Industries Inc. specializes in the design and production of state-of-the-art hydraulic cylinders. These cylinders are primarily used by manufacturers of mobile equipment such as dump trucks and trailers, waste collection trucks and snow removal equipment. In addition to its Quebec plant, Mailhot Industries also has a plant in Mexico (in Silao, in the state of Guanajuato), and has three points of service in Alberta and the U.S.
With the help of an initial financial contribution of $1,300,000, Industries Mailhot was able to optimize the setup of its Saint?Jacques plant in order to centralize its Canadian production activities.
A second financial contribution of $1,300,000 will allow the business to acquire state-of-the-art equipment to be used to develop new, innovative products. Mailhot Industries will thus be able to enhance its productivity, reduce its production costs, optimize the flexibility of its plant and increase its sales.
The financial assistance was announced today by the Honourable Marc Garneau, Minister of Transport. Provided by CED, the funding will allow the business to achieve its established productivity objectives. These projects will generate a total investment of almost $9M, and will result in the creation of 10 new jobs in Saint?Jacques.
The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness, and contribute to the economic vitality of the regions, job creation and the improvement of citizens' quality of life.
Quotes
"Our government's assistance will help create jobs and foster economic growth in the Lanaudière region. The funding provided today for Mailhot Industries reflects our commitment to support businesses that help grow the economy and ensure the prosperity of all regions of Quebec."
The Honourable Marc Garneau, Minister of Transport
"In keeping with our commitment to foster the growth of the Canadian economy, the Government of Canada has made it its goal to better support businesses that invest in productivity enhancement in order to ensure their growth and that of the Canadian economy."
The Honourable Navdeep Bains, Minister responsible for CED
"To grow, it takes passion, determination and vision?but also the means to achieve that vision. We are pleased to be able to count on this funding from CED, which has given us a valuable helping hand for our projects."
Charles Massicotte, President, Mailhot Industries
Quick facts
- Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the other five regional development agencies.
- The funding was awarded through CED's Quebec Economic Development Program. For more information about CED and its priorities, refer to the 2018?2019 Departmental Plan or visit http://www.ced-dec.gc.ca.
- For 50 years now, the Government of Canada has been actively participating in regional economic development in Quebec: half a century of concrete action targeting the growth of Quebec's regions and businesses.
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SOURCE Canada Economic Development for Quebec Regions
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