Canadian Manufacturing

Quebec carpet maker gets $1M federal loan for new equipment

Korhani Manufacture Inc. plans to buy carpet loom, forklifts

July 23, 2013  by Canadian Manufacturing Daily Staff

SOREL-TRACY, Que.—Another Quebec firm has been granted a loan from the federal government, this time a $1-million contribution to a rug maker in the province.

According to Canada Economic Development, Korhani Manufacture Inc. of Sorel-Tracy, Que., was given the loan for the acquisition of a new textile machine and forklifts.

Korhani manufactures home rugs, which are sold directly to large retail chains.

The $1-million repayable contribution will be used to purchase tow motors and a carpet loom.

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The loan, awarded through Canada Economic Development’s Quebec Economic Development Program, is aimed at boosting the southwestern Quebec firm’s productivity, according to the federal department.


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