SHERBROOKE, Que.—French building products company Soprema is expanding its Canadian operations by adding a new plant in Sherbrooke, Que.
The $42.8 million site will become the company’s fourth manufacturing facility in the province and is expected to create 56 new jobs in the southern Quebec city.
Soprema, which makes roofing, insulation and other building materials, plans to manufacture extruded polystyrene insulation panels at the new Sherbrooke plant.
Both the federal and provincial governments have pledged considerable investments to land the new investment. Ottawa’s CED has granted the company $8.5 million in assistance for the project, while the Quebec government will invest $1.5 million as well as grant the company a $5 million loan.