Provincial, federal governments invest in Beaulieu Plumbing and Mechanical Inc.11 July 2012
EDMUNDSTON (GNB) – The provincial and federal governments are making a combined investment of $164,592 to help Edmundston-based Beaulieu Plumbing and Mechanical Inc. modernize its operations, improve its productivity and expand into new markets.
“A stronger economy is a vital part of the provincial government's plan for rebuilding New Brunswick," said Health Minister Madeleine Dubé. "This investment will allow the operation to increase its production and seek greater opportunities."
Dubé was speaking on behalf of Economic Development Minister Paul Robichaud.
"Our government's top priorities are jobs, growth and long-term prosperity for Canadians," said Bernard Valcourt, associate minister of national defence and minister of state (Atlantic Canada Opportunities Agency [ACOA]) (La Francophonie). "Our investment will help Beaulieu Plumbing and Mechanical Inc. to acquire new equipment, improve the efficiency of its plant operations and enhance the competitiveness of its products and services. This is a strategic investment in a company that is building its future in rural New Brunswick by pursuing growth both at home and in wider markets.
The federal government, through ACOA's Business Development Program, is providing a repayable contribution of $117,592, while the provincial government is investing $47,000.
"The financial assistance provided by the federal and provincial governments is very important to Beaulieu Plumbing and Mechanical Inc. and will allow us to carry out investment projects of strategic interest to the company,” said Gaëtan Beaulieu, president and owner of the company. “These projects will help us to stay on track in terms of growth and to remain competitive in our industry."
The funding will help Beaulieu Plumbing and Mechanical Inc. acquire new equipment to produce specialized ducting for pneumatic applications as well as stainless steel components for the food processing industry. The equipment upgrade will also increase the company's capability in the production of industrial plumbing applications.
Beaulieu Plumbing and Mechanical Inc. manufactures heating, ventilation and air conditioning equipment as well as industrial plumbing products in New Brunswick.