SAINTE-ANNE-DES-MONTS, QC, March 4, 2020 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
The hydraulic sector has already been in a period of prosperity for some years now. Design services are increasingly in demand by manufacturers using hydraulics as a major component of their products. Several areas of activity including construction, transportation, forestry, mining, agriculture, the maritime industry and fisheries are already using this technology.
In light of this market potential, experienced engineer Gilles Cloutier and his partner Danny Collin have launched GenHydrau. The start-up, established in Sainte-Anne-des-Monts, specializes in the design and manufacture of hydraulic systems and, more specifically, in the design, machining and assembly of hydraulic distribution systems called manifolds.
Seizing business opportunities through automation
In support of its launch, GenHydrau will be able to count on a repayable contribution of $105,000 from CED to hone its business and acquire various pieces of production equipment, including a computer numerical control (CNC) machining centre. This purchase will enable it to manufacture hydraulic manifolds in large quantities, with a short turnaround and at very competitive prices.
The funding was announced today by the Honourable Diane Lebouthillier, Minister of National Revenue, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the six regional development agencies (RDAs), including CED.
Unique, trail-blazing turnkey solution offered in Gaspésie
Manufacturing hydraulic manifolds has become an innovative solution in the sector. In Quebec, the pool of potential clients is immense, and yet manufacturers are rare, as hydraulics knowledge and training are limited. This is an area of expertise GenHydrau plans to develop in the coming years, but the business already has the necessary assets to provide turnkey service. From the design to manufacturing to assembly of products specifically designed and adapted to its clientele's needs, GenHydrau is the only business in Quebec to be able to offer a comprehensive complex hydraulic design and assistance service.
This project aligns perfectly with CED's mission to encourage the development of a dynamic entrepreneurial environment and economic diversification in Gaspésie, among other things by supporting the start-up of an innovative business.
"GenHydrau is the perfect example of a business contributing to Gaspésie's dynamic entrepreneurial environment. I am delighted that CED is supporting the start-up of a homegrown business so that it can equip itself adequately to seize developing business opportunities."
The Honourable Diane Lebouthillier, Member of Parliament for Gaspésie–Les Îles-de-la-Madeleine and Minister of National Revenue
"Helping entrepreneurs to launch their business projects, innovate to seize business opportunities and create good-quality jobs is at the heart of our priorities. That is why we are providing our support to GenHydrau, a very promising new business that will be an asset for all of Gaspésie, contributing to the diversification of the regional economy."
The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED
"For our team, support from our partners provides crucial leverage. To be able to compete in the hydraulics sector, we must turn towards new technologies and innovation to manufacture quality products. To achieve this, we must equip ourselves adequately. I am pleased and proud to be able to count on a partner such as Canada Economic Development to support us in our launch."
Gilles Cloutier, Vice-President, GenHydrau
- Funds have been granted under CED's Regional Economic Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
- CED is a key federal partner in Quebec's regional economic development. With its 12 regional business offices, CED is accompanying Quebec businesses, supporting organizations and regions into tomorrow's economy.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, [email protected]; Alexander Cohen, Press Secretary, Office of the Minister of Economic Development and Official Languages, [email protected]