$11 million government funding for Sherbrooke parts plant

The governments of Canada and Quebec have kicked in nearly $11 million in financial contributions to aluminum auto parts manufacturer Verbom to support a modernization project at its sheet metal processing plant in Sherbrooke. The project will help create around 100 jobs in the region. The announcement of the financing package was made Friday by Minister of International Development Hamm said this collective approach will lead to smarter and more humane cities: "The possibilities are endless as to the tools that can be developed and made available to all when we take advantage and La Francophonie and Comptonstanstead MP Marie-claude Bibeau and Quebec Minister for Small and Medium Enterprises, Stéphane Binette.

Canada’s share of the new financing will be $4.8 million while the Government of Quebec is providing a loan of $6.1 million through the ESSOR program. Verbom, founded in 1978, is a supplier of metal tooling and component services for the automobile industry. The company specializes in aluminum thermoforming.

of innovation and technology,” she said. “That's why we are inviting you to share ideas that will improve our quality of life. As the slogan of the City of Magog says, be creative by nature. "