Canadian government invests $800K for Devinci Bicycles
by CM Staff
With the help of this funding from CED, the business will be able to acquire a laser cutter and install a second mechanized production line that will allow it to double its production capacity.
SAGUENAY — On Oct. 13, Pascale St–Onge, Minister of Sport and Minister responsible for CED, announced an $800,000 repayable contribution for Devinci Bicycles Inc. This CED funding will allow the business to ensure its growth by increasing its production capacity, enhancing its productivity and digitizing its operations.
Devinci Bicycles specializes in the design, manufacture and marketing of high-end bicycles, including Devinci–brand bicycles, for cyclists of all ages, as well as self–serve bikes rented out by cities to optimize urban mobility.
With the help of this funding from CED, the business will be able to acquire a laser cutter and install a second mechanized production line that will allow it to double its production capacity. The project will reportedly create about 30 jobs in the region.
“SMEs are central to community development and are part of our government’s economic recovery plan. We are helping them pursue growth, and the funding announced today for Devinci Bicycles is a perfect example of this. This project to acquire digital equipment and add automation to the Chicoutimi plant will enable Canada’s largest bike manufacturer to continue to expand,” said Pascale St‑Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED.
“CED’s support solidifies our position as a leading Canadian bicycle manufacturer. The equipment acquired will allow us to realize our ambition to make production more local and sustainable, in line with our plant 4.0 vision,” said Maude Gauthier, Director of Corporate Development, Devinci Bicycles.
