GRANBY, Que.—Belt‑Tech Products, a Quebec company that makes seatbelt for cars and aircraft, plans to invest $6.6 million in its manufacturing facility in Granby, Que.
The funds will pay for new new equipment, such as a textile dyeing machine and looms, expected to increase the company’s production of seat belts for the auto and aerospace industries, along with boost production of several other products.
The investment is supported by company funds as well as government loans. The provincial and the federal governments have respectively committed $1.5 million and $287,500 in loans to the project, while Investissement Québec has granted the company an approximately $2.5 million loan guarantee.
Robert Bélanger, Belt‑Tech’s CEO, said the expansion will help the company continue the “outstanding growth” it’s experienced over the past several years.
“The additional production capacity, combined with our ongoing priority of improving our manufacturing process, keeps us competitive in global markets,” he said in a statement. “We will continue to upgrade our manufacturing processes, and support from various levels of government will always be an important part of our development.”
The expansion is expected to create about 30 new jobs at the plant east of Montreal.