Federal government invests $350K in Technifab GC Inc.
by CM Staff
Technifab GC specializes in the manufacture of anchors for steel structures, pillars, and bridges, as well as threading on reinforcing steel.
TROIS-RIVIÈRES — Marie-Claude Bibeau, Minister of National Revenue, announced two repayable contributions totalling $350,000 for Technifab GC Inc. The aim of this CED support is to boost the business’s growth.
Resulting from the merger of Technifab Inc. and Atelier d’usinage Guy Côté, Technifab GC specializes in the manufacture of anchors for steel structures, pillars, and bridges, as well as threading on reinforcing steel. With recognized technical expertise in conventional and digital machining, the business is undergoing an important phase in its development, seeking to better meet the needs of its clientele of major Canadian prime contractors. Thanks to an initial $200,000 contribution, the SME was able to acquire and install production equipment, including two threading machines, a hybrid tower, and a machining centre. With new funding of $150,000, Technifab GC will now be able to purchase a CNC machining centre, a machine to sharpen threading knives, a digital threader, a folding machine for anchors, and related equipment. These two projects will enable the business to increase its production capacity and productivity.
“Technifab GC is a recognized business in Mauricie and an economic engine in the region. This investment will enable it, among other things, to acquire a digital threader to better meet the needs of its clientele. It is by supporting SMEs such as this one that our government is stimulating our local economies and ensuring our manufacturing businesses grow across Canada,” said Marie-Claude Bibeau, Minister of National Revenue.
“SMEs are at the core of community development, and we are proud to support them. We are helping them remain competitive by boosting their efforts to grow. I am therefore delighted with CED’s assistance for Technifab GC; the business’s contribution to Trois-Rivière’s economic vitality is undeniable! Without a doubt, the success and spin-offs of its projects to acquire equipment will be felt across the region and throughout Quebec and Canada,” said Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED.
