JM Cham­peau to ex­pand

Stanstead Journal - - NEWS - Vic­to­ria Vanier

Aloan of one mil

lion dol­lars from

In­vestisse­ment Que­bec for J.M. Cham­peau, of St. Malo, was an­nounced on Mon­day by Min­is­ters Elaine Zakaib and Re­jean He­bert. The loan is for an ex­pan­sion project worth $7.5 mil­lion to in­crease pro­duc­tion.

J.M. Cham­peau trans­forms hard wood into dif­fer­ent pieces des­tined for spe­cial­ized in­dus­tries such as com­po­nent man­u­fac­tur­ers, re­cre­ational equip­ment man­u­fac­tur­ers and mu­si­cal in­stru­ment man­u­fac­tur­ers.

“It is our role to sup­port dy­namic en­ter­prises who want to fo­cus on their suc­cesses to con­tinue their growth,” said Min­is­ter Zakaib. The project, which in­cludes the buy­ing of equip­ment, will al­low the en­ter­prise to ex­ploit its ca­pac­ity for dry­ing and trans­form­ing lum­bered green wood by a third.

“This in­vest­ment al­lows us to con­tinue to be com­pet­i­tive in the global mar­ket­place,” com­mented lo­cal ap­ple pro­ducer Har­vey Stevens, who also works as a Sales Rep­re­sen­ta­tive for the com­pany. More than half of the com­pany’s pro­duc­tion, 55 %, is ex­ported to the United States, Mex­ico, Asia and Europe.

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