Soucy Techno plans $15 million expansion project

SHERBROOKE, Quebec—Soucy Techno Inc. is gearing up for a $15 million investment that will add capacity and expand capabilities. And it's possible thanks to some financial support from Canadian and Quebec governments.

Soucy, a custom mixer specializing in the development and preparation of rubber mixtures and color concentrates made from polyethylene, is the recipient of $12 million in loan funding from the government and Investissement Quebec.

According to Soucy, Investissement Quebec's capital funds—under the Productivite innovation initiative—and the government of Quebec—through its ESSOR program—each will provide $5 million loans. The Canadian government, under its Canada Economic Development for Quebec Regions, will provide a $2 million loan.

Soucy's $15 million expansion is intended to increase production of materials targeting growing market segments, particularly agriculture. The company plans to add equipment, expand its building footprint to include a new mixing line and increase the capacity of it electrical room.

"This major investment supports the development of a key link in our supply chain, given the next phase of growth for Soucy's businesses," Soucy General Manager Jasmin Villeneuve said in a statement. " … We firmly believe that this kind of strategic investment allows us to grow our businesses right here in Quebec and to remain very competitive on our markets."

The expansion is expected to increase Soucy's rubber production by as much as 50 percent, Villeneuve said, and it mainly will aid in the manufacture caterpillar tracks, hosing, seals, pipe coverings, and wear-resistant parts.

The expanded manufacturing process also will incorporate more advanced and automated technologies.