Investissement Québec granted a $50 million loan to Tata Steel Minerals Canada and took a $125 million equity stake via the Capital Mines Hydrocarbures fund to support the company’s direct shipping iron ore mine project in northern Québec evaluated at $1.5 billion.
Investissement Québec granted a $50 million loan to Tata Steel Minerals Canada and took a $125 million equity stake to support the company’s direct shipping ore (DSO) iron mine project in northern Québec evaluated at $1.5 billion.
The manufacturer of aluminum chassis components for the automotive industry plans to retrofit its Québec plant and expand its production capacity.
Powder manufacturer AP&C, a subsidiary of Swedish company Arcam AB, will invest more than $30 million to build a second plant in Québec by 2017 and increase its production capacity of titanium powders for use in additive manufacturing.
Aerospace companies Mecaer America and Sonaca Montréal announced investment projects valued at over $62 million in their facilities in Québec at the opening of the Farnborough International Airshow.
Québec plans to make the Montréal region a hub for the design and manufacture of electric vehicles. Businesses interested in becoming part of this new hub can count on the support of Investissement Québec.
Is your company thinking of investing in Québec? Take a look at the 2016 edition of our brochure to get an overview of Québec’s competitive corporate tax system and find out about the attractive tax measures that could be used as a source of financing.