Adex Systems can continue to grow and contribute to the region's economic vitality

Government of Canada awards more than $350,000 in financial assistance to Adex Systems in the Lac-Saint-Jean region

HÉBERTVILLE-STATION, QC, Sept. 8, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

Adex Systems will be able to increase its production capacity, continue to grow and consolidate jobs for Lac-Saint-Jean families thanks to $352,500 in financial assistance, in the form of a repayable contribution, granted by Canada Economic Development for Quebec Regions.

Denis Lemieux, Member of Parliament for Chicoutimi–Le Fjord, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, made the announcement this afternoon in the company's offices.

Adex Systems is a leading Canadian manufacturer of architectural coatings. Its acrylic coatings offer a range of innovative solutions that seal and insulate the building envelope and provide high-performance thermal insulation. The funding awarded through CED's Quebec Economic Development Program (QEDP) will help Adex Systems acquire new production equipment, expand and modernize the plant, and obtain accreditation for new products in accordance with Canadian Construction Materials Centre (CCMC) standards, while maintaining 26 jobs in Hébertville-Station.

Communities need to build on innovation to diversify themselves strategically and develop lasting regional competitive advantages. As such, support for community transition and diversification is a priority for the Government of Canada.

Quotes

"By investing in the acquisition of new equipment and expanding the facilities of Adex Systems, the Government of Canada is standing by its commitments and helping businesses expand, innovate and export their products so that they can create and consolidate high-quality jobs and ensure prosperity for the Canadian economy."

Denis Lemieux, Member of Parliament for Chicoutimi–Le Fjord

"As part of the Innovation and Skills Plan, our government will be making multi-year investments to make Canada a global centre for innovation. This will stimulate innovation, creating even more well-paying jobs, and help grow the middle class."

The Honourable Navdeep Bains, Minister responsible for CED

Quick facts

• CED is one of six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
• For more information on CED's key directions until 2021, consult Strategic Plan 2021 or visit www.dec-ced.gc.ca.

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SOURCE Canada Economic Development for Quebec Regions

Media Relations, Canada Economic Development for Quebec Regions, Tel.: [phone], Email:mailto:[email protected] [email protected]