Waterville business receives $500,000 in financial assistance from CED.
Waterville – Supporting business growth contributes to economic development in Quebec’s regions. That is why Marie‑Claude Bibeau, Minister of National Revenue, on behalf of Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, today announced a repayable contribution of $500,000 for Les Pliages Apaulo Inc. This CED assistance will enable the business to improve its productivity by adding a second production line.
Created in 1988 by the Compagna family, Les Pliages Apaulo manufactures different molded plywood products for the furniture industry and the corrugated cardboard manufacturing industry. Acquired by Estrie entrepreneurs in 2022, the business will install a second production line to better support its growth by expanding its operations. CED’s funding will focus on the acquisition and installation of a robotic cell for a cutting and sanding station.
The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic recovery relies in particular on a manufacturing sector with organizations that have strong roots in the regional economy. The players in this industry are major contributors to growth, as well as key assets in building a sustainable, inclusive economy.
“Today’s announcement is proof once again of the Government of Canada’s commitment to manufacturing businesses in the Cantons-de-l’Est region. By helping them pursue their activities and by stimulating their growth, we are ensuring Quebec’s manufacturing industry plays a major role in Canada’s economic growth. I am delighted that CED is contributing to the expansion of Les Pliages Apaulo’s operations, as its new leaders have quickly grasped the positive effects of a technological update to their facilities.” – Marie-Claude Bibeau, Minister of National Revenue
“SMEs are at the core of community development and their growth is a priority for our government. CED’s support for Les Pliages Apaulo’s project is proof of this. Its contribution to Waterville’s economic vitality is clear! The success and spin-offs of this project to establish a second production line will be felt right across the region and throughout Quebec and Canada.” – Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED