RIVIÈRE-DU-LOUP, QC - The Minister for Industrial Policy and Economic Development Bank Quebec Ms. Elaine Zakaïb, announces the award of a loan of $3 million for Lepage Millwork in Rivière-du-Loup, for the expansion and modernization of its facilities. Lepage Millwork which manufactures wood windows and doors for high-end residences of prestige and heritage renovation, plans to invest more than $ 10million in this project.
This funding will enable the company to improve its production capacity and grow its export sales. More specifically, the project includes the expansion of the main building in order to install more efficient paint rooms, and a cafeteria for employees. In addition, an expansion of the section Wood preparation and acquisition of a moulder planned.
"Lepage Millwork thinks big and we are very proud to support. With a loan from the Government of Quebec, the company can focus on developing new markets. In addition to consolidating the existing 260 jobs, the company plans to create 48 more in the coming years. This is great news for the economy of the region and niche-construction, resulting from the ACCORD, "said Minister Elaine Zakaïb.
With abundant natural resources and diverse the Bas-Saint-Laurent, the niche-construction of Excellence aims to become a reference in the North American development, production and use of products with low environmental impact for the sector housing-construction. In the region, nearly 200 companies have an integrated offering of green products and services for residential construction. Lepage Millwork is a good example of a company which, through its products, joined the orientations of the niche and contribute to its vitality.
Founded in 1950, Lepage Millwork was acquired in 2001 by Guy Bonneville. In recent years, the company has invested extensively in its assets. In addition, the production was oriented towards high value-added products and the company also pays attention to the environment. Its products are mainly made of recyclable materials, such as wood, steel and glass. She is the epitome of the regional economy.
"We are very pleased to have the financial support of the Government of Quebec. For over a year, we have spent many hours and large sums of money to this project. This funding will allow us to achieve productivity gains while promoting more upmarket our product to a wider customer base, "concluded Mr. Guy Bonneville, President Lepage Millwork.
SOURCE Office of the Minister for Industrial Policy and Economic Development Bank Quebec
Have something to say? Share your thoughts with us in the comments below.