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Xylo-Carbone plans new production plant with federal loan
Jan. 31, 2017 - A bioproducts firm is among four Quebec companies are scaling up their operations with the help of the federal government.
January 31, 2018 By Canadian Manufacturing.com
The Canada Economic Development for Quebec Regions, or CED, has committed $2.8 million in federal loans for the expansion projects, spurring a total investment of about $16 million in the province’s Mauricie region.
The work is expected boost the production capacity of all four firms and create approximately 50 jobs.
The four companies scaling up their operations:
Cleantech startup Xylo-Carbone Inc., which is working on technology to create bioproducts from low-grade roundwood residues, is launching operations with a $7.6 million project. The funds, including a $1.2 million federal contribution, will go toward a new production plant.
ADF Diesel Saint-Stanislas Inc. is spending $4 million to expand its manufacturing plant and buy new equipment. The auto supplier will get nearly $1 million from Ottawa for the expansion.
Craft brewer À la fût, coop de travail brassicole has bought land next to its current site to expand its facility and build a new production room. The total cost of the project is approximately $2.7 million with the CED contributing $500,000.
Finally, Acier Rayco (2016) Inc., which makes metal parts for infrastructure projects, is expanding its plant and buying new production equipment as part of a $1.7 million scale-up project. The federal government has loaned the company $169,000 to support the work.
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