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.