Sigma Industries reports a major investment
23 Mar, 2018, 17:28 ET
SAINT-ÉPHREM-DE-BEAUCE, QC, March 23, 2018 /CNW Telbec/ - Sigma Industries Inc. (TSXV: SSG), a manufacturing company specializing in the production of composite components, announces the execution of the necessary investment following last December's announcement of an important long-term contract.
This is an automated production chain project assessed at 10,5 million dollars. This stately modernization project for the fabrication of components for a new vehicle program has partly been made possible by the financial contribution of the Quebec government. It is through the ESSOR program that Sigma was awarded an interest-free loan worth 3,5 million dollars.
The automated production chain's establishment will be carried out in its subsidiary René Matériaux Composites, located at Sainte-Clotilde-de-Beauce, in the Chaudière-Appalaches region.
The project's realization is also made possible thanks to the financial contribution of Banque Nationale, Roynat, and the Fonds Capital expansion région Thetford.
About Sigma Industries
Sigma Industries Inc. (TSXV: SSG), a manufacturing company specializing in the production of composite components, has two operating subsidiaries and employs 275 people. The Company is active in the heavy-duty truck, coach, transit, machinery and wind energy markets. Sigma sells its products to original equipment manufacturers and distributors in the United States, Canada and Europe.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Sigma Industries Inc.
For further information: Sigma Industries Inc., Denis Bertrand, President and Chief Executive Officer, 418-484-5282, [email protected]
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