Two Quebec manufacturing businesses in the metal products industry — ABM Précision and Métallitech — will acquire specialized production equipment, enabling them to enhance their productivity and optimize production capacity, thanks to a $797,400 repayable cash infusion from Ottawa.
“We are supporting the growth of homegrown businesses bringing Canadian know-how to the world, as ABM Précision and Métallitech are doing so brilliantly,” says Élisabeth Brière, parliamentary secretary to the Minister of Economic Development and Official Languages . “We must leverage our competitiveness and maximize our knowledge by boosting innovation. If our entrepreneurs are among the first to adopt certain technologies and the solutions they offer, this will enhance the competitiveness of our industries and economic growth.”
The fruit of a structured family succession, ABM Précision Inc. specializes in the manufacture of punch die sets, moulds and templates and the computer-assisted design of parts in series. Held and managed by two brothers, the family-run business — the result of a merger of the family’s two former complementary businesses — is making their parents’ wish to enhance productivity, innovation and growth a reality.
To succeed in this, the young entrepreneurs put forward an audacious investment plan: with $480,000 from Ottawa, the start-up will be able to acquire and install automated production equipment with new technologies, including a digital machining centre, which will greatly reduce internal manufacturing costs and increase production capacity.
“Supporting the growth of our family-run businesses is at the heart of our priorities,” says Mélanie Joly, member of parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED. “We are here to boost projects that drive start-ups, help our youth take on the working world and enhance the competitiveness of our industries on the international scene.”
For its part, Métallitech Inc., founded in 1995, is a manufacturing business in transition working in metallic and non-metallic processing. It specializes in thermal spray coating, a special technique to treat dry surfaces used to improve the primary properties of the treated material. Thermal spray coating, which requires specialized expertise, brings additional protective features to the base material, including anti-wear, anti-corrosion, anti-sticking and conductivity properties.
To remain competitive and enhance its performance, Métallitech has developed a strategy to improve its fleet of equipment; CED has thus granted the business $317,400 to acquire, among other things, robotic production equipment integrating new technologies.
Both business have clients in the pulp and paper, forestry, mining, steelworks and hydroelectricity sectors.
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