Canada supports Liberty Spring’s growth

MONTMAGNY — Canada Economic Development for Quebec Regions (CED) is offering repayable contribution of $1M for Liberty Spring Inc.

This assistance will enable the business to acquire specialized equipment to develop and market an innovative, greener suspension spring.

“We are delighted with CED’s support,” said Mathieu Ouellet, CEO, Liberty Spring. “It will enable Liberty Spring to implement an important project that will have a positive impact on its growth strategy, as well as help reduce greenhouse gas emissions.”

Liberty Spring specializes in the manufacture of high precision springs for the automotive and recreational vehicle industries. CED’s support will enable the business to develop a method to mass produce a new type of spring which, in addition to being a very reliable product, will not require replacement for the life of a vehicle. It will help reduce greenhouse gas emissions by using a less energy intensive production method.

“The climate crisis is the greatest challenge of our times, and we must help businesses develop processes and products that are more respectful of the environment,” said Pascale St Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED. “That is why our government is supporting Liberty Spring in a project that will enable it to reduce its environmental footprint, while also enhancing its competitiveness. Congratulations to the entire Liberty Spring team on this green shift, an effort that will help build a better future for coming generations. You are an example to us all.”