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Chantiers Chibougamau gets $7.5M funding from Quebec
March 9, 2023 By Jennifer Ellson
Photo: Annex Business Media The Quebec government has announced the allocation of $7.5 million in financial support to Chantiers Chibougamau towards the company’s expansion and modernization project at its Chibougamau facility.
The project totalling $20 million started in 2019 and includes the automation and optimization of the Chibougamou plant using artificial intelligence and Industry 4.0 technologies. The initiative has already created more than 50 new jobs, according to a statement by the Quebec Ministry of Economy, Innovation and Energy.
The funding consists of a $5 million loan from Investissement Québec, and $2.5 million from the Ministry of Natural Resources and Forestry, under the Programme Innovation Bois.
The Chibougamau facility in Northern Quebec has one of the largest sawmills and largest engineered wood manufacturing plants in the province.
Click here to read the full news release in French.
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