Federal government invests $1M in ISE Metal
by CM Staff
This Sherbrooke-based company will be able to boost its productivity and digital capabilities by acquiring and installing production equipment.
GRANBY — On Jul. 6, Pablo Rodriguez, Minister of Canadian Heritage and Quebec Lieutenant, on behalf of Pascale St-Onge, Minister of Sport and Minister responsible for CED, announced a repayable contribution of $1 million for ISE Metal. This CED support will help the company to consolidate its position as a key industry player and ensure that it remains competitive on the international market.
This Sherbrooke-based company will be able to boost its productivity and digital capabilities by acquiring and installing production equipment, redesigning its production areas and making certain leasehold improvements. This will be achieved by optimizing metal bending and cutting operations in its Granby plant as well as welding operations in its Sherbrooke facility.
The financial support provided by CED will allow ISE Metal to acquire production equipment and redesign the quality department at its Granby plant (Laser AMP). It will also be used to acquire lifting and welding equipment for the Sherbrooke plant.
ISE Metal specializes in manufacturing metal products for major prime contractors in the automotive, special vehicles, electrical, recreational products, forestry equipment and household appliances sectors.
“We are responding to support our regional development and to help our companies acquire the tools they need to remain competitive and prosper. With this investment, ISE Metal will be able to continue to innovate in a cutting-edge sector and consolidate its position as a leader in the sheet metal industry. It is important to support innovation throughout Quebec and it’s good for the people of the region!” said Pablo Rodriguez, Minister of Canadian Heritage and Quebec Lieutenant.
“SMEs are central to the growth of our communities and are part of our government’s economic recovery plan. We help them improve their productivity and remain competitive. The support we provided to ISE Metal’s project benefitting its Sherbrooke and Granby facilities is a testament to this. I congratulate ISE Metal for its contribution to the region’s economic vitality!” said Pascale St-Onge, Minister of Sport and Minister responsible for CED.
