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.