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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.
Over the next two years, Microsoft will double the size of Maluuba, the Montréal startup it recently acquired in order to intensify its R&D in artificial intelligence. The tech giant will also grant $6 million to Université de Montréal and $1 million to McGill University to support AI research.
With backing from Investissement Québec, Thomas & Betts is kicking off a modernization project for its Saint-Jean-sur-Richelieu plant thanks to $1.5 million in financial support from the Québec government.