Provincial, federal governments helping Dieppe company modernize10 September 2013
DIEPPE (GNB) – The provincial and federal governments are making a combined investment of $800,000 to help TRC Hydraulics Inc. expand into new markets.
"Our investment will enable TRC Hydraulics Inc. to continue growing and creating jobs in Dieppe and Greater Moncton," said Economic Development Minister Paul Robichaud. "Creating jobs and economic growth in every region of the province is central to our government's plan to rebuild New Brunswick."
The project involved the construction of a new manufacturing facility and the purchase of equipment. This modernization has enabled the company to pursue new opportunities in the mining, oil and gas and related sectors.
"Our government's top priorities are jobs, growth and long-term prosperity," said Rob Moore, minister of state for the Atlantic Canada Opportunities Agency (ACOA). “Our investment in TRC Hydraulics Inc. will create new jobs and help open up new market opportunities for the company."
The provincial government contributed $300,000 while the federal government invested $500,000, through ACOA's Business Development Program.
"The Atlantic Canada Opportunities Agency and the Government of New Brunswick have played a pivotal role in allowing us to achieve our strategic goals of expansion and growth," said Terry Coyle, president and chief executive officer, TRC Hydraulics Inc. "Their support has allowed us to diversify our efforts in the mining and oil and gas sectors."
TRC Hydraulics Inc. consults, designs and manufactures hydraulic components and systems for a variety of companies and industries, including oil and gas, aquaculture, mining, forestry and marine.