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After New York, Paris and Menlo Park, Facebook will open its next artificial intelligence research lab, its first in Canada, in Montréal, and invest $7-million in the city’s AI community.
The French multinational will invest $780 million in Québec to expand its operations, open two new studios and hire 1,000 people by 2027. This is the company’s most ambitious growth plan since it first arrived in Québec 20 years ago.
The company announced a $30-million investment to retrofit its Lachine plant with state-of-the-art equipment and boost its productivity. An important milestone in the company’s history in Montréal, according to Robert Fleury, Vice-President for Eastern Canada.
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Together, the two French companies will invest nearly $30 million in their Québec facilities, with financial support from the Québec government. These major projects announced at the International Paris Air Show - Le Bourget will be carried out in collaboration with Investissement Québec.
The Québec Life Sciences Strategy aims to attract $4 billion in private investments to the province by 2022.
MacDonald, Dettwiler and Associates plans to invest $202 million to establish a centre of excellence in satellite manufacturing in Montréal to produce next-generation satellite systems.
P&WC produced its 100 000th engine in Longueuil, Québec, this month, a testament to the manufacturer's rich history of innovation in Canada and long-established commitment to investing in R&D.
Paris-based ICT company Praxedo will set up its Canadian subsidiary in Montréal to accelerate its global expansion in North America.
The Austrian manufacturer of high-class interiors for business and private jets will invest $20 million to set-up a new production facility in Montréal by the end of 2017.
The 2017–2018 Québec budget, provides for an additional $125 million to promote the development of the innovative manufacturing sector, $100 million to create a super-cluster for artificial intelligence research and $5 million to enhance Investissement Québec’s international business development activities.
GE Canada is set to launch three new automation projects at its aircraft engine component manufacturing facility in Bromont, Québec.
The French bakery, which belongs to Le Duff Group, will invest $40 million to double the size of its Boucherville plant, increase its production capacity by 80% and create some 60 jobs.
Siemens will invest $110.6 million at its Dorval plant to design aeroderivative gas turbines as well as $22 million to implement an Industry 4.0 expertise platform in collaboration with Investissement Québec and other partners and an integrated training system for the workplace inspired from the German dual model.
The World Economic Forum in Davos gave Investissement Québec President and CEO Pierre Gabriel Côté the opportunity to meet with over a dozen leaders of multinationals and take part in announcements on investments of close to $640 million for Québec.
Over the next four years, the world’s leading steelmaker will upgrade its installations in Québec’s Côte-Nord region.