Federal government invests $1M in FilSpec to acquire automation equipment
by CM Staff
Sherbrooke-based high-performance technical yarn manufacturer will receive $1 million from CED for its growth project.
SHERBROOKE — On Nov. 8, Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health, announced a repayable contribution of $1 million for FilSpec to acquire automated equipment.
This CED investment will enable the manufacturer to acquire three types of equipment: Highly roboticized ring frames, mule frames, and air jet spinning wheels. By automating its process, FilSpec will try and meet growing demand while mitigating the impacts of the labour shortage. This equipment will enable it to not only aim to increase its production, but also reportedly improve product quality and provide a safer environment for its employees.
FilSpec is a manufacturer high‑performance technical yarn. Its primary products are technical yarn specially designed for different markets such as sports apparel, protective clothing for military and medical use, flame‑resistant clothing for firefighters, and work garments.
“With this $1 million contribution from CED, representing 20% of the investment cost, our government is demonstrating its support for businesses from Quebec and especially here in Sherbrooke. This investment will help FilSpec overcome a range of significant challenges, such as the labour shortage and SME performance, and will enable it to acquire automated equipment to increase production. FilSpec will thus be more competitive on global markets. It is by equipping businesses properly that we all help develop a strong, resilient, sustainable economy together,” said Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health.
