Federal and provincial government provide more than $2M for Exxel Polymers
by CM Staff
This support will enable the business to acquire equipment to increase its productivity and production capacity in order to sustain its growth.
BROMONT — The governments of Canada and Québec are providing a total of $2,895,150 to Exxel Polymers, located in Bromont in the Estrie region. This support will enable the business to acquire equipment to increase its productivity and production capacity in order to sustain its growth.
Pascale St‑Onge, Member of Parliament for Brome‑Missisquoi and Minister of Canadian Heritage, on behalf of Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions (CED), and Isabelle Charest, Member for Brome‑Missisquoi and Minister Responsible for Sports, Recreation and the Outdoors, on behalf of Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montréal Region, made the announcement today.
The aim of this investment project, valued at over $4 million, is to enable Exxel Polymers Inc.—a business specializing in the formulation and production of 100% recycled plastics—to meet the demand and pursue its growth and efforts to export.
As part of this project, the Government of Canada is providing a repayable contribution of $1 million under CED’s Regional Economic Growth through Innovation program.
“Our government has made concrete commitments to demonstrate that a strong economy and a healthy environment go hand in hand. That is why we are investing strategically in clean technology, a priority in our economic recovery plan. By helping SMEs become more innovative and competitive and by supporting innovation to develop greener technologies and products, we are laying the foundation for the jobs of tomorrow,” said Pascale St‑Onge, Member of Parliament for Brome‑Missisquoi and Minister of Canadian Heritage.
