LVL Global, Varitech, Corium Urethane score federal funding
Two Quebec manufacturers, LVL Global and Varitech, are getting repayable funding from the Canadian government for upgrades to their plants.
VILLE-MARIE, Que.: Two Quebec manufacturers are getting repayable funding from the Canadian government for upgrades to their plants.
LVL Global Inc., a manufacturer of laminated veneer lumber in Ville-Marie, is getting a $602,000 through the federal Temporary Initiative for the Strengthening of Quebec’s Forest Economies (TISQFE) program. The money will be used to stabilize the building, add safety structures to ensure production equipment can be properly installed and to acquire an operations management information system.
LL Global expects the upgrades will result in the creation of 80 short-term jobs.
The TISQFE program has $50 million available for Quebec communities that are dependant on the forest product industry to diversify their economies.
In Granby, Varitech Inc., an electronics manufacturer, is getting $332,500 through the federal Business and Regional Growth program to help with the purchase of state-of-the-art automation equipment for its production line.
The project is part of a broader initiative requiring an overall investment of $1.5 million that will create 20 jobs.
Varitech, a subsidiary of Varitron Technologies Inc., specializes in the design and manufacture of electronic boards. The company has experienced strong growth that has been driven, in part, by its partnership with Trilliant Network. The company, which is based in Redwood City, Calif. with Canadian headquarters in Granby, provides utilities with wireless equipment and management software for Smart Grid communication networks that improve energy efficiency.
Corium Urethane Technology in Sorel-Tracy has been granted a total of $251,955 from the federal Community Adjustment Fund to automate part of its production process and set up its plant with “cutting edge” equipment.
The company specializes in the custom manufacture of moulded polyurethane parts and components for customers that include recreational vehicle and heavy truck makers, and manufacturers of institutional furniture for the health care sector.
Its plant will be the first in North America to use state-of-the-art PU SKIN technology, a polyurethane materials that is more versatile than vinyl.
A total investment of $1.6 million in the plant upgrades is ex[ected to add 20 jobs.