Conveyor systems manufacturer gets helping hand to fund its growth
Storcan’s expansion projects are expected to result in the creation of 10 new full-time jobs
April 17, 2019
Industrial conveyor systems manufacturer and integrator Storcan International of Châteauguay, Que., has been awarded nearly $810,000 in loans and grants from the provincial and federal governments to help keep the company’s $4.3-million investment initiative on the right track.
Announced last month, the additional funding will enable Storcan to proceed with the purchase of various digital equipment and corporate management systems to support its ongoing efforts to improve productivity and optimize customer relations, as the company works to build up its export markets across North America.
According to local officials, Storcan’s expansion projects are expected to result in the creation of 10 new full-time jobs in the Montérégie region in the southwest part of Quebec.
“Our government’s priority is to make Quebec companies aware of the growth potential generated through investments, especially those aimed at integrating new technologies and developing exports,” says Marie-Chantal Chassé, member of the National Assembly of Quebec for Châteauguay.
“In fact, it is through projects like the one by Storcan that we can help build a strong economy that is open to the world, while also creating more wealth and more jobs locally in Montérégie and elsewhere in Quebec,” Chassé adds.
More than half of the financial assistance for Storcan will be provided by a $500,000 loan from the provincial Investissement Québec agency mandated to promote investment in Quebec-based businesses, with an additional $200,000 loan provided by federal government via Ottawa’s REGI (Regional Economic Growth through Innovation) program.
“I am thrilled with the support provided to Storcan, a well-established Montérégie company that carries out projects requiring expertise, precision and efficiency, and that comes up with innovative solutions,” says Brenda Shanahan, member of parliament for the Châteauguay–Lacolle riding.
“In keeping with our commitment, the government of Canada is helping local businesses by making investments that enhance their productivity and strengthen their competitiveness in export markets.”
Founded in 1976, Storcan manufactures a broad range of conveyor systems used in the food-and-beverage industries—including roller, belt, inverted, air, spiral and other conveyor types—while also offering expert integration services to provide end-use customers with turnkey automated solutions.
According to the company, a portion of the additional investment funding announced last month will be used to will support the installation of enterprise-wide digital CRM (customer relationship management) and ERP (enterprise resource planning) systems, as well as for strengthening the company’s marketing efforts in the U.S. and Ontario.