MONTREAL, Feb. 7, 2013 /CNW Telbec/ - Today the Board of Trade of
Metropolitan Montreal is releasing the results of its study Metal Processing and Greater Montréal: A Sustainable and Promising
Alliance. The study shows that the economic spinoffs of metal processing for the
Montréal metropolitan area are in the order of $1.8 billion per year,
maintaining 19,000 direct and indirect jobs.
"The study we are releasing today furthers the analysis that began in
2012 about the spinoffs of natural resource exploitation for the
metropolitan area," said Michel Leblanc, President and CEO of the Board
of Trade of Metropolitan Montreal. "The Government of Quebec announced
its intention to hold consultations on the royalty regime and will soon
propose new legislation on mining. Given this, it is important that we
base our debate on facts and dispel any myths. The Board of Trade study
clearly shows that Quebec already processes a significant portion of
the metal extracted in the province, contrary to what is widely
believed. This is in addition to processing ore from abroad."
"The fact that we process a significant share of metals doesn't mean
there's no room for improvement," Michel Leblanc said. "To take full
advantage of business opportunities in natural resource exploitation,
we can increase the spill-over effects upstream and downstream in the
value chain. That said, we have to do it intelligently, based on the
particularities and challenges of each sector, from extraction to
tertiary processing. The situation changes dramatically, depending on
whether we're dealing with iron, copper, nickel, gold or titanium."
"The city has definite assets to take advantage of the dynamic metal
processing sector, along with all of Quebec's regions," Michel Leblanc
said. "With 46% of Quebec's primary processing businesses and 42% of
its secondary processing businesses located in the metropolitan area,
an increase in activity in this sector would benefit the city's
manufacturing industry. Our knowledge economy would also benefit from
stimulating the metal processing sector, particularly professional
services and university research centres."
"At the heart of its strategy to develop the natural resources sector,
the Board of Trade proposes creating more contact between major order
givers, suppliers, users and qualified workers to create the synergy we
need to maximize spinoffs for the city," Mr. Leblanc said. "We are
holding a Strategic Forum that will bring together over 400
participants and the Natural Resources Trade Show on February 8 and 9
to make these meetings possible and help mobilize the sector."
"The responsible and sustainable exploitation of our natural resources,
at every stage in the value chain, is a unique opportunity to
participate in global growth, stimulate our manufacturing sector and
create wealth in the metropolitan area," Michel Leblanc said.
A five-part strategy to maximize spinoffs:
Understand the specifics of processing for each resource.
Promote the emergence of a "metal culture."
Create a business environment conducive to local processing.
Encourage innovation and productivity among processing companies.
Bank on emerging metals to develop a new processing industrial cluster.
Hyperlink to the study: www.ccmm.qc.ca/transformationmetalliquemetropole
(in French only, English to come).
The Board of Trade of Metropolitan Montreal is made up of some 7,000
members. Its mission is to represent the interests of the business
community of Greater Montréal and to provide individuals, merchants,
and local businesses of all sizes with a variety of specialized
services to help them achieve their full potential in terms of
innovation, productivity, and competitiveness. The Board of Trade is
Quebec's leading private economic development organization.
SOURCE: Board of Trade of Metropolitan Montreal
For further information:
Advisor, Media Relations
Board of Trade of Metropolitan Montreal
Tel.: 514 871-4000, ext. 4015
Follow the discussion: #ccmmqcca