Quebec composites firm Sigma plans $10.5M upgrade
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.