(Photo: submitted by Federal government)
A Moncton company is receiving a financial boost from the federal government for future growth.
A repayable contribution of $300, 000 through the Atlantic Canada Opportunities Agency was announced yesterday for Precision Countertops.
MP for Moncton-Riverview-Dieppe Ginette Petitpas-Taylor says, “By investing in improved production at Precision Countertops, the Government of Canada is remaining true to our commitment to support the manufacturing sector. We are proud to help businesses expand, innovate and export their products, so that they can create quality jobs and contribute to the Canadian economy during this challenging time.”
The new equipment, which includes a stone polishing machine and water filtration system, will help reduce waste and decrease costs, while increasing production and labour efficiency.
This will also allow Precision Countertops to grow its market opportunities.
President for Precision Countertops Roméo Goguen says, “The construction industry has seen an astronomical increase in activity over the past year. With the support of ACOA, we were able to modernize our equipment to new technologies, all while improving the safety of our employees. We are now able to complete bigger projects in residential, commercial, and multi-unit markets, as well as supply our customers more efficiently throughout Atlantic Canada.”
Precision Countertops currently employs 149 people in the Moncton region. It specializes in the design and manufacturing of high end residential and commercial cabinets..
Minister of Economic Development and Official Languages and Minister responsible for ACOA Mélanie Joly says. “The Government of Canada continues to make investments that create jobs and help businesses across all sectors come roaring back. This announcement will bring new opportunities for growth to Precision Countertops and help boost the region’s economy.”
