Canadian Manufacturing

Quebec composites firm Sigma plans $10.5M upgrade

by Canadian Staff   

Canadian Manufacturing
Financing Manufacturing Operations Procurement Supply Chain Technology / IIoT Automotive Public Sector

The investment was supported by an interest-free contribution from the province

SAINT-ÉPHREM-DE-BEAUCE, Que.—Sigma Industries Inc. , a Quebec-based composite components manufacturing company, has announced a $10.5 million production line upgrade to fulfill a new long-term contract.

Sigma received a $3.5 million interest-free financial contribution from the Quebec government’s ESSOR program, which provides financing to help companies carry out long-term development projects.

The upgrade will modernize Sigma’s automated production line to fabricate components for a new vehicle program, at Sigma’s subsidiary René Matériaux Composites, located at Sainte-Clotilde-de-Beauce.

Sigma says the project also received financial contributions from Banque Nationale, Roynat, and the Fonds Capital expansion région Thetford.



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