Quebec aero firms get funding to boost productivity
by The Canadian Press
The repayable funding will help create 56 jobs in the Quebec aerospace sector
MONTREAL—Quebec’s government said two aerospace companies based in the province—Avior Integrated Products Inc. and Techniprodec Ltd.—will receive a combined $1.38 million in repayable funding to help improve productivity.
The move comes as the province works to strengthen its position in the aerospace industry with several announcements at the Farnborough International Airshow in Britain.
Avior will receive a $1 million loan from the government on a $5.5 million investment to boost capacity for the production of wing structures, fuselage and cockpit components, the government said on Wednesday.
The initiative will add about 50 jobs to its operations in Granby, Que. where it manufactures parts for companies like Boeing, Bell Helicopter Textron and Bombardier.
Meanwhile, Techniprodec will get a $375,000 loan on a total investment of $750,000 that will help the company acquire specialized equipment for helicopter parts and landing hear components. About six jobs will be added to the Montreal-based company.
The announcement comes a day after two other aerospace companies made commitments to building their operations in Montreal.
Tech Mahindra, a division of India’s giant Mahindra Group, said it will open a head office in Montreal that will oversee its North American business.
Washington-based LTA Corp. is making a $90 million investment to open a facility in the city that will construct a new airship that handles oversized loads.