Shawinigan company plans to invest in new automated production line
SHAWINIGAN, Que.—A Quebec electric circuitry manufacturer is getting a half-million dollars in assistance from the federal government.
Ottawa has announced it will provide Shawinigan, Que.’s Synapse Electronic with $450,000 through the Quebec Economic Development Program. The funds will be awarded in the form a repayable contribution and allow the company, which is foremost a thermostat maker, to invest in an automated production line for a new generation of the temperature-monitoring devices.
“By boosting its productivity and developing new markets, the company will generate impacts that will benefit the whole community and the entire region,” François-Philippe Champagne, MP for Saint-Maurice-Champlain said.
The company employs 65, including a 10-person design team. With the funds, it expects to develop new markets across North America, allowing it to increase sales and create new jobs.