Economic diversification of Mauricie - A $531,000 investment will enable Société Laurentide to optimize its operations

SHAWINIGAN, QC, Sept. 5, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

The Government of Canada and the Government of Quebec are investing $361,000, in a $531,000 Société Laurentide project aimed at optimizing the business's processes.

This funding will allow this key player in the Mauricie-region economy to enhance its international competitiveness by implementing innovative manufacturing techniques that are greener and more efficient.

François‑Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of International Trade, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions, and Julie Boulet, Minister of Tourism and Minister responsible for the Mauricie Region, acting on behalf of Lise Thériault, Deputy Premier, Minister responsible for SMEs, Regulatory Streamlining and Regional Economic Development, made the announcement today in the presence of Pierre Giguère, Member for Saint-Maurice.

The federal government funding is granted through Canada Economic Development for Quebec Regions (CED), while the Government of Quebec investment is from the Fonds de diversification économique du Centre-du-Québec et de la Mauricie.

Quotes:

"The environmental shift and the development of new clean technologies are critical in today's global economy. Becoming early adopters of clean technologies and solutions will help make our industries globally competitive."

The Honourable François-Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of International Trade

"The Government of Canada is committed to promoting the role of innovation as an important way of encouraging diversification and business and community growth. That is why we are pleased to support the development of Société Laurentide Inc."

The Honourable Navdeep Bains, Minister responsible for CED

"Société Laurentide delivers high-quality products with a strong emphasis on environmental protection. This project will help the company become more productive, competitive and profitable, thus strengthening our economy. I commend the entire Société Laurentide team's commitment to the company's success and to the development of our region."   

Julie Boulet, Minister of Tourism and Minister responsible for the Mauricie Region

"Our government stands by businesses in all Quebec regions, helping them to make their mark and prosper. Using strategic tools, such as economic diversification funds, we are giving them the help they need to keep on making progress. This project is just one more step in Société Laurentide's growth."

Lise Thériault, Deputy Premier, Minister responsible for SMEs, Regulatory Streamlining and Regional Economic Development, Minister responsible for the Status of Women and Minister responsible for the Lanaudière Region

"Société Laurentide is one of many dynamic businesses in our region. Once again, it has shown us that it is strongly committed to becoming more competitive by optimizing its processes and keeping abreast of trends in the sector, which are critical conditions to its success. We proudly support this major investment project."

Pierre Giguère, Member of the National Assembly for Saint-Maurice

Quick facts:

• Founded in 1957, Société Laurentide specializes in the manufacture of industrial paint and coatings.
• The Fonds de diversification économique du Centre-du-Québec et de la Mauricie (website in French only) supports the creation, start-up and growth of innovative high-performance enterprises, as well as new product or process development projects.
• CED is one of the 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

Sources: Patrick Soucy, Press Secretary, Office of the Minister of Tourism and Minister responsible for the Mauricie Region, Tel.: [phone]; Clémence Beaulieu Gendron, Press Secretary, Office of the Deputy Premier, Minister responsible for SMEs, Regulatory Streamlining and Regional Economic Development, Minister responsible for the Status of Women and Minister responsible for the Lanaudière Region, Tel.: [phone]; Diane Bergeron, Political Attaché and Office Manager, Constituency Office of the MNA for Saint-Maurice, Tel. : [phone]; Information : Jean-Pierre D'Auteuil, Media Relations Officer, Communications Directorate, Ministère de l'Économie, de la Science et de l'Innovation, Tel.: [phone], ext. 4868, Cell: 418-559-0710; Media Relations, Canada Economic Development for Quebec Regions, Tel.: [phone], Email: [email protected]