Usimax receives $800,000 in federal funding for CNC machinery
August 16, 2019
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Ottawa has announced an $800,000 non-repayable contribution to Usimax Inc., to increase its productivity by acquiring and implementing specialized CNC (numerical control) machinery.
Located in Saint-Georges (Beauce) in the Chaudière-Appalaches region, Que., Usimax will also be able to manufacture ultra–high precision ground gears for heavy power transmission applications.
“Our government supports Canadian workers in the steel and aluminum sector, as well as businesses that play a key role in regional economies,” said Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED. “Our funding assists Canadian SMEs (small and medium-sized businesses) that produce or use these metals, and helps them innovate so they can increase their productivity, grow, capture new markets and create good jobs for the middle class.”
Usimax designs, manufactures and assembles a wide range of speed reducers and specialized gears. The company also offers customized machining based on client requirements. Its products can be found in a number of fields: aerospace, defence and the rail and agriculture sectors, as well as in medical devices and various types of vehicles.
The funding was awarded under the Regional Economic Growth through Innovation (REGI) Steel and Aluminum Initiative announced in March 2019.
Administered by the regional development agencies (RDAs), this initiative provides targeted support for Canada’s SMEs in the steel and aluminum sectors. Non-repayable contributions will allow these SMEs to adopt innovative technologies in order to enhance their productivity or competitiveness and create highly skilled jobs.