Gestion SGW announces a mfg. investment with government support
by CM Staff
This CED support will enable the business, also known as Sherbrooke GearWorks, to increase its production capacity and productivity by acquiring production equipment.
SHERBROOKE — Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Families, Children and Social Development announced a repayable contribution of $600,000 for Gestion SGW. This CED support will enable the business, also known as Sherbrooke GearWorks, to increase its production capacity and productivity by acquiring production equipment.
Sherbrooke GearWorks manufactures tailor‑made gears, gearboxes, and machined components for businesses in various sectors of activity, including energy, pulp and paper, forestry, and food. With its production capacity currently limited as the demand for its products grows, the business wishes, among other things, to acquire a gear grinder and two boring machines, once vertical and one horizontal. CED’s contribution will be used to purchase and install this new equipment.
“Today’s announcement is proof once again of our government’s commitment to manufacturing businesses in the Cantons-de-l’Est region. By supporting businesses such as Sherbrooke GearWorks as it pursues its activities and by stimulating its growth, we are ensuring Quebec’s manufacturing industry plays a major role in Canada’s economic recovery,” said Élisabeth Brière, Member of Parliament for Sherbrooke.
“SMEs are at the core of economic development in communities and our government is committed to supporting them. That is why I am delighted with CED’s assistance for this project by Gestion SGW / Sherbrooke GearWorks, whose contribution will help stimulate the region’s economic vitality. Congratulations to the entire team at Gestion SGW / Sherbrooke GearWorks on this wonderful project,” said Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED.
