Plastique Rotek receives federal grant
Canadian PlasticsCanadian Plastics
The Government of Canada announced last week that Salaberry-de-Valleyfield, Que.-based Plastique Rotek Inc. will re...
The Government of Canada announced last week that Salaberry-de-Valleyfield, Que.-based Plastique Rotek Inc. will receive $195,000 in repayable funding towards the acquisition of new rotomolding equipment.
Rotek recently moved to a new plant, and is now acquiring rotomolding equipment and molds to manufacture newly-developed products. The project requires an overall investment of $1,742,000, and creates 20 new jobs over three years.
“Raising productivity and adjusting to the global economy are key levers for ensuring the success of our enterprises and prosperity of our country,” said Member of Parliament Jacques Gourde when announcing the funding.
In addition to expanding its workforce and helping the company meet growing demand for its products, Rotek said the funding would help it improve productivity.
“Acquiring this new equipment will enable us to improve our manufacturing processes, which will translate into a 30 per cent rise in productivity and increase profitability,” explained company president Benoit Larin. “Backed by such key advantages and the unique expertise we have gained through our research and development activities, our company will be in a solid position to strengthen the foothold we have in the North American market and pursue our growth and expansion.”
Rotek produces rotomolded products such as oil and grease recycling bins, commercial and industrial waste containers and gas meter boxes.