CHUTE-A-BLONDEAU, Ont.—An Ontario company that makes rope for the oil and gas, forestry, agriculture and a number of other industries, is expanding its manufacturing plant on the Quebec border.
Atlantic Braids Ltd. plans to spend approximately $5.6 million to buy new equipment to help it add new product lines and boost its export business.
The province is backing the project with a $837,750 investment, while the company will provide the rest of the funds.
“This support will help us scale up our manufacturing capabilities, improve our efficiency and grow our international presence to remain competitive in this dynamic industry,” Nick Snow, Atlantic Braids’ president, said in a statement.
The cordage firm’s facility is located in Chute-à-Blondeau, Ont., a small town on the Ottawa River. It currently employs 18 workers, but will bring on another nine following the expansion.
The company expects to complete the project by summer 2020.