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.
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.
Mecaer America and Sonaca Montréal announced investment projects valued at over $62 million in Québec at the opening of the 2016 Farnborough International Airshow.
On June 15, fifty executives of foreign subsidiaries with establishments in Québec participated in the official launch of Subsidiary Network 2.0.
Investissement Québec will join business development efforts to attract more than $825 million in international investment.