LAC-DROLET, Que.—Steel fabricator Acier Fastech is kicking off a modernization project with the help of a federal government loan.
Canada Economic Development for Quebec Regions (CED) announced earlier this week it will invest $300,000 in the Lac-Drolet, Que. business, which is planning to buy new equipment, automate many of its manufacturing processes and update its plant. Located not far from the Maine border, the Quebec company fabricates and erects steel structures across the commercial, industrial and mining industries.
Acier Fastech president, Claude Roussin, said the support from the CED gave the company “the boost we needed” to carry out the expansion.
“The financial assistance will support the implementation of leading-edge technology, allowing us to reduce our production turnaround time and provide our clients with even better service,” Roussin said in a statement.
With the help of the SME, the company also recently invested in a 12,000 sq. ft. spray room to help it win contracts in the architectural and industrial sectors.