Diacarb Tools mfg. receives government investment

SAINT-LAURENT — Annie Koutrakis, MP for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED, accompanied by Emmanuella Lambropoulos, MP for Saint-Laurent, announced a repayable contribution of $450,000 for Diacarb Tools. This CED support will enable the business to improve its productivity and competitiveness.

Diacarb specializes in the mass machining and manufacturing of small components that are complex and precise. The business operates in optics, photonics, telecommunications, robotics, life sciences, transportation, and defence. In September 2023, the business was acquired by Marie-Eve Rachita and Louis Tremblay-Noël, with support from the Centre de transfert d’entreprise du Québec (CTEQ). The funding from CED will enable it to acquire production equipment such as a Swiss digital control tower.

“This announcement is proof once again of our government’s commitment to manufacturing businesses in the Greater Montréal area. By helping them pursue their operations and by stimulating their growth, as is the case today, we are ensuring Quebec’s manufacturing industry plays a major role in Canada’s economic recovery,” said Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED.

“SMEs are at the core of community development, and that is why we are proud to support them. I am therefore delighted with CED’s support today for Diacarb Tools’ project, which will help strengthen Saint-Laurent’s vitality and economic development. Congratulations to the entire team at Diacarb Tools on this wonderful project, and thank you for participating in building a stronger, more resilient, more sustainable economy for all Canadians,” said Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED.