IPL invests in presses, adds capacity
Saint-Damien, Que.-based processor IPL Inc. has announced investments at two of its Canadian manufacturing faciliti...
Saint-Damien, Que.-based processor IPL Inc. has announced investments at two of its Canadian manufacturing facilities. The company will benefit from a greater high-tonnage molding capacity at its Saint-Damien facility as of next summer, with the addition of a second 3,500-ton injection press.
IPL said the equipment will be mainly used to meet increased demand for IPL’s waste management products, such as the 360-litre and 240-litre wheeled carts. The $4.2 million investment will also create approximately 10 new full-time jobs.
As well, the company will install three new injection presses at its Edmunston, N.B. facility starting in January 2008. One press will provide added capacity, and the other two will replace existing equipment with better performance. The program represents a total investment of $1.2 million.
“This investment will allow us to improve our competitive position,” said company president and CEO Serge Bragdon. “With this more efficient equipment, our employees will be better able to put their talent to work, thus providing IPL with the opportunity to exploit new business avenues in keeping with our corporate culture based on innovation.”
IPL is one of the leading Canadian injection molding companies, employing more than 1,000 people at its three Quebec and one New Brunswick plants.