Minister for the Economy, Minister Responsible for the Fight Against Racism and Minister Responsible for the Laval Region Christopher Skeete and Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec (CED) Annie Koutrakis are announcing a total of over $6.2 million in funding to support the launch of a new plant for Chemtec Epoxy Coatings in Laval.
Through this support, the business specializing in the design and manufacture of epoxy resin floor coverings has been able to expand its facilities, acquire cutting-edge equipment and automate part of its production. The aim of this project, valued at $7.7 million, is to increase production and foster the growth and development of new products.
Quotes
"SMEs such as Chemtec Epoxy Coatings are essential to the economic fabric of the Laval region and Quebec as a whole. By investing in modernization and automation projects, we are creating wealth to the benefit of our entire community. Fostering their productivity is thus an efficient way to propel our economy forward!"
Christopher Skeete, Minister for the Economy, Minister Responsible for the Fight Against Racism and Minister Responsible for the Laval Region
"Our government is proud to support projects that will dynamize the Laval region. I am pleased that the funding granted to Chemtec Epoxy Coatings is enabling the business to take the next step in its growth, by modernizing its facilities with high-tech equipment. This new equipment will make it possible to increase the business's productivity considerably and make it more competitive. This is excellent news for our region's economy."
Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED
"Chemtec Epoxy Coatings' project is a cogent example of how innovation and automation are catalysts of growth for Quebec businesses. Thanks to its toolbox, which includes the grand V initiative, Investissement Québec is resolutely committed to supporting businesses that turn to the Industry 4.0 standard. With this new investment, Chemtec Epoxy Coatings has all the tools to be a leader in its sector."
Bicha Ngo, President and Chief Executive Officer, Investissement Québec
"Since 2013, Chemtec Epoxy Coatings has been committed to providing products of exceptional quality, following the strictest standards, to accompany their clients in a highly competitive market. In 2019, we took a major step with the opening of our first plant in Laval where, thanks to the sustained efforts of our internal research and development laboratory, we are now manufacturing most of the products we market. Our new cutting-edge laboratory, equipped with the most advanced technology in the sector, will play a key role in formulating innovative products with stronger internal integration, responding to the most demanding needs of our clients. We would like to extend our warm thanks to the governments and all the partners who have contributed to this success. This expansion marks a new step in our mission: To offer sustainable, innovative solutions placing Chemtec Epoxy Coatings at the leading edge of the industry."
Jason Bérubé, Chief Executive Officer, Chemtec
Quick facts
- Founded in 2013 under the name Gestion Jason Bérubé, Chemtec Epoxy Coatings employs approximately 30 people and offers over 200 distinct solvent-free epoxy resin coating products.
- The Government of Quebec's support consists of a loan of $3,080,000 granted under the ESSOR program administered by Investissement Québec as the government's representative, and a loan of $2,200,000 from Investissement Québec's capital funds.
- The ESSOR program supports investment projects in Quebec with a view to increasing competitiveness and productivity, creating jobs and boosting sustainable development.
- The Government of Canada is assisting Chemtec Epoxy Coatings with a repayable contribution of $950,000 under CED's Regional Economic Growth through Innovation (REGI) program. This funding is to support the client as it acquires and installs specialized manufacturing equipment and an automated packaging line and integrates a manufacturing execution system. Through this project, Chemtec Epoxy Coatings' growth and production capacity are being propelled forward, all as part of its initiative to adopt the Industry 4.0 standard.
- CED's REGI program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
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