Federal government announces $200K repayable contribution for Lignum Veneer
by CM Staff
Through CED's financial support, the business will be able to acquire and install specialized production equipment in its plant.
VICTORIAVILLE — On May 11, Pascale St-Onge, Minister of Sport and Minister responsible for CED, announced a repayable contribution of $200,000 for Lignum Veneer. This CED support will enable the business to make the Industry 4.0 shift by improving its processes and productivity.
Lignum Veneer has a background in the seaming of veneer sheets made with various types of wood. Through CED’s financial support, the business will be able to acquire and install specialized production equipment in its plant, which is currently operating at full capacity. Digital technology will make it possible to improve the constancy and quality of this innovative SME’s products, while also maximizing value-added tasks.
“SMEs are at the core of innovation and economic development in our communities, and it is a priority in our government’s economic recovery plan to support their growth and innovation projects. With our government’s financial assistance, Lignum Veneer will be able to improve its production line and meet the growing demand for its products. Its contribution to the economic vitality of Victoriaville and the Centre-du-Québec region is significant, and our entire economy will benefit from the success and spinoffs of its project.” said Pascale St-Onge, MP for Brome–Missisquoi, Minister of Sport and Minister responsible for CED.