Fonds régionaux de solidarité FTQ Invests $1.5 Million in VAB Solutions to Support Innovation in the Forestry Equipment Industry

Highlights:

• Business founded in 2004
• Sustained R&D efforts
• Manufactures measuring, grading and optimization equipment for the forest sector
• Seeking growth in the U.S. and abroad

 

LÉVIS, QC, Dec. 7, 2016 /CNW Telbec/ - In 2004, engineers Jean Bérubé and Marc Voyer created VAB Solutions Inc. to offer equipment maintenance and repair services to the forest sector. VAB has been actively engaged in R&D since its inception in an effort to develop equipment that meets the needs of the forestry industry. Today, VAB offers solutions for production lines, from sawing to planing, that help optimize operations.

To support the growth of VAB Solutions Inc. and its subsidiaries, the Fonds régionaux de solidarité Chaudière-Appalaches is investing $1.5 million to help the company make inroads into the U.S. market. Headquartered in Lévis, the company has 25 employees.

"Thanks to the expertise of its teams and persistent R&D efforts, VAB Solutions has set itself apart with innovative products. With such partner companies, we see the importance of innovation, even in the most traditional manufacturing sectors," said Jean Roy, Regional Director of the Fonds régionaux de solidarité FTQ for the Chaudière-Appalaches and Québec City regions.

"The financial participation of the Fonds régionaux de solidarité FTQ comes at the right time in that it will support our growth by allowing us to cultivate new export markets. Its widespread presence in the forestry and manufacturing sectors will increase networking opportunities, which are so essential to our growth," said Jean Bérubé, Eng, President of VAB Solutions.

VAB markets a full grader and a transverse sawmill optimizer, both of which use digital vision technology and proprietary software. VAB also fabricates and markets curve sawing systems and instruments to measure mechanical resistance for lumber grading and production control.

About the 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: "Jean Bérubé, Eng, President of VAB Solutions (CNW Group/Fonds régionaux de solidarité FTQ)". Image available at: https://photos.newswire.ca/images/download/20161207_C3573_PHOTO_EN_833538.jpg

For further information: Information for media representatives only: Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, Phone: 514 850-4835, Mobile: 514 703-5587, Email: pmcquilken@fondsftq.com