Canada promotes Quebec’s industry

Posted on Oct 1, 2012 in Energy Resources | 0 comments

The Canadian government is providing financial assistance to four projects to promote the aerospace industry in Quebec.

The funding — nearly $5.8 million — is part of an overall $70 million investment through the Canada Economic Development’s Business and Regional Growth program to strengthen the aerospace industry in Quebec.

“The government of Canada is working with the aerospace industry to ensure it remains solid, globally competitive and at the forefront of technological development,” said Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec.

“There is no question that the Canadian and Quebec aerospace and defense industries are driving forces of innovation in this country. Those that continue to innovate will lead us into the economy of the future.”

The $5.8 million consists of three repayable and one non-repayable investments in projects by Messier-Dowty Inc., part of France’s Safran Group, Shockform Aeronautique Inc. Delastek Inc. and Aero Montreal.

Messier-Dowty Inc. maintains a center of excellence for Safran and specializes in production of landing gear.

Shockform President Sylvain Forgues said the financial assistance will help position the company to increase its presence on international markets by introducing new and innovative patented tools for critical parts repair.

Thirty companies participating in the Aero Montreal MACH Initiative will be able to take part in international aerospace trade shows to increase market visibility as a result of the non-repayable funds it will receive.

Copyright 2012 by United Press International