Fonds régionaux de solidarité FTQ Invest $1.5 Million to Support the Growth of Forage G4

Fonds régionaux de solidarité FTQ Mark Their 20th Anniversary: $76.5 million Invested in northwestern Québec

VAL-D'OR, QC, Sept. 28, 2016 /CNW Telbec/ - Incorporated in 2006 by Daniel Gamache, Guylaine Daigle and Robert Daigle, Forage G4 launched its operations in Mexico with just one drill. As a result of its professionalism and commitment to excellence, the company grew quickly, increasing the number of drills to 32 within just five years.

Today, Groupe Forage G4 has 75 drilling units, including 45 in Québec, and over 120 employees in Canada and Mexico, including 100 in Québec. The company carries out quality projects in such settings as the tundra, the jungle and semi-desert plains in Chihuahua, always mindful of the environment and the communities involved.

To support Forage G4's expansion, the Fonds régionaux de solidarité FTQ (FRS) Abitibi-Témiscamingue have invested $1.5 million to allow the company to increase its drilling capacity by acquiring Forges C.C.L. in Fermont. Forage G4 has been an FRS partner since its creation in 2006.

"The Fonds régionaux de solidarité FTQ are here to support the growth and sustainability of companies in all sectors of the economy, be it natural resources or the supply of goods and services. Companies like Forage G4 are key actors that create jobs in the local economy," said Raymond Grenier, General Manager of the Fonds régionaux de solidarité FTQ Nord-du-Québec and Abitibi-Témiscamingue.

Twenty years of investments in Nord-Ouest du Québec

The Fonds régionaux de solidarité FTQ in northwestern Québec have invested $76.5 million in 150 projects since their inception in 1996, helping to create, maintain or protect 4,250 jobs in the region.

"These figures attest to the relevance of the regional funds and make us optimistic and enthusiastic about the next 20 years in Abitibi-Témiscamingue," said Luc Pinard, President and Chief Executive Officer of the Fonds régionaux de solidarité FTQ.

Quality jobs

A recent study by KPMG shows that the average salary in partner companies of the Fonds de solidarité FTQ and the Fonds régionaux is 78% higher than the regional average in Abitibi-Témiscamingue ($75,593 versus $42,516) and 42% higher than in Nord-du-Québec ($53,936 versus $37,951).

A summary of KPMG's study for Abitibi-Témiscamingue is available here, and for Nord-du-Québec here.

About Fonds régionaux de solidarité FTQ

The Fonds régionaux de solidarité FTQ have been helping to further regional economic development in Québec for 20 years. An integral part of the Fonds de solidarité FTQ network, the Fonds régionaux have invested $635 million in 1,040 projects since 1996, helping to create, maintain or protect close to 37,000 jobs. www.fondsreg.com

 

SOURCE Fonds régionaux de solidarité FTQ

Image with caption: "Celebrating the Fonds régionaux de solidarité FTQ's 20th anniversary (CNW Group/Fonds régionaux de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20160928_C4244_PHOTO_EN_783749.jpg

For further information: Press contact: Patrick McQuilken, Senior Advisor, Press Relations and Communications, Fonds de solidarité FTQ, Telephone: 514 850-4835, Mobile: 514 703-5587, Email: pmcquilken@fondsftq.com; Fonds de solidarité FTQ shareholders: Shareholder Services, Fonds de solidarité FTQ, Montréal: 514 383-3663, Québec City: 418 628-3663, Toll free: 1 800 567-3663


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