Boisbriand (Québec), August 17, 2016 – Raufoss Canada, a subsidiary of Austrian-based Raufoss Group, which specializes in the production of forged aluminum automotive components, has announced plans to expand its Boisbriand plant. The $49-million investment in Québec’s innovative manufacturing sector will create 60 jobs by 2020 and help the company meet growing demand from car manufacturers.
“An environment favourable to aluminum processing, our skilled workforce, and the productivity of our Boisbriand plant were the key factors that influenced our decision to reinvest in Québec,” said Jean Meredith, CEO of Raufoss Canada.
On hand for the announcement were Linda Lapointe, federal Member of Parliament for Rivière-des-Mille-Îles; Claude Surprenant, Québec National Assembly Member for Groulx; Marlene Cordato, Mayor of Boisbriand; and representatives from the business community, including representatives of Montréal International, Investissement Québec and the Thérèse-De Blainville Economic Development Corporation (CLD – Local Development Centre) (SODET).
“I’m very proud of the efforts made by SODET in 2000 to bring the Raufoss Group to the Thérèse-De Blainville RCM. Since the company has set up in Boisbriand, it has kept on creating quality jobs, investing in its infrastructure and increasing its presence. The management philosophy of the executives raises the company’s profile beyond our borders,” said Marlene Cordato, President of SODET and Mayor of Boisbriand.
Expansion of the plant will begin in September 2016 while more equipment will be added through 2019. Raufoss will also be investing in the design, development and production of automotive components using new manufacturing processes. “The installation of a new hot forging line, along with the acquisition of specialized equipment, will enable Raufoss to operate one of the most automated plants in Québec,” added Mr. Meredith.
Montréal International, Greater Montréal’s investment promotion agency, assisted the company with its expansion project by conducting an impact study. “The new investment by Raufoss Group, an international manufacturer and exporter, is tangible proof that Greater Montréal has what it takes to attract investments in the innovative manufacturing sector,” said Hubert Bolduc, President and CEO of Montréal International. “The expansion will provide significant added value, enhancing Greater Montréal’s expertise and raising the region’s global profile by showcasing its ability to innovate,” added Mr. Bolduc.
Raufoss Canada received a repayable contribution of $2 million from Canada Economic Development for the project under the Québec Economic Development Program (QEDP). “Innovation is a great driving force that generates growth for businesses and communities. By backing the Raufoss Canada project, the Canadian government works with key economic development players to get results for Canadians. Congratulations on this wonderful project. It will ensure the company’s prosperity for years to come,” added Linda Lapointe, MP for Rivière-des-Mille-Îles.
Raufoss Canada also received a $7-million interest-free loan under the ESSOR program, administered by Investissement Québec and the Ministère de l’Économie, de la Science et de l’Innovation (MESI). “I applaud Raufoss Group’s decision to make further investments in Québec. We must work relentlessly to create an environment favourable to growth and innovation in the manufacturing sector so that global subsidiaries can expand and generate significant economic spin-offs for all Quebecers,” said Claude Surprenant, Member for Groulx.
About Raufoss Canada
A division of Neuman Aluminium, which has over 2,400 employees, Raufoss Group is an industry leader in the design, development and manufacture of aluminum chassis components for the automotive industry. With plants in Norway, China, Canada and Mexico, the company can serve customers worldwide.
ABOUT Montréal International
Created in 1996, Montréal International is a non-profit organization funded by the private sector, the governments of Canada and Québec, the Communauté métropolitaine de Montréal (Montréal Metropolitan Community) and the City of Montréal. Its role is to attract foreign investment, international organizations and skilled workers to Greater Montréal.
As a local development centre, SODET’s mission is to stimulate the economic development of the Thérèse-De Blainville RCM and create jobs through the expansion, implementation and consolidation of companies whose reach is likely to extend beyond the region’s borders. It does so by working closely with such companies and fostering their growth and development without compromising community quality of life.