Quebec and Ottawa loan cabinet-maker $18M to increase capacity
Armoires Fabritec expects $50 million upgrading project to create up to 530 jobs over five years.
BROMONT, Que. — The federal and Quebec governments have a Bromont, Que.-based manufacturer of kitchen and bathroom cabinets $18 million to increase production capacity, a move expected to help the company create up to 530 jobs over five years.
The project’s total funding at Armoires Fabritec is estimated at $50 million, including a $10 million loan under the ministère de l’Économie, de la Science et de l’Innovation’s ESSOR program, a $3.3 million loan from Investissement Québec, a repayable contribution of $2 million from Canada Economic Development for Quebec Regions (CED) and a $3.3 million commercial financing loan from Export Development Canada (EDC).
Founded in 1983 in Saint-Jean-sur-Richelieu, Armoires Fabritec is a second-generation family business that has grown into one of Canada’s largest suppliers of kitchen and bathroom cabinets. The company has a plant in Bromont, Que. and another in Mont-Joli, Que.
The company has a strong foothold in the US markets, thanks it says to a dedication to leading-edge automated production equipment. The investment is part of a plan to embrace the manufacturing sector’s digital revolution in the world of the Industrial Internet of Things.