Groupe Savoie Inc. Adds a New Production Line to Meet Demand

News Release

Block pallet production line expected to create 40 new full-time jobs in Saint-Quentin

April 22, 2016 – Saint-Quentin, NB – Atlantic Canada Opportunities Agency (ACOA)

Groupe Savoie, a leading producer of a wide-range of high quality hardwood products, has expanded its Saint-Quentin operations to branch out into block pallet production thanks to investments from the federal and provincial governments.  

René Arseneault, Member of Parliament for Madawaska-Restigouche, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA, and the Honourable Brian Gallant, Premier of New Brunswick, joined Groupe Savoie officials in Saint-Quentin today to announce government support for the expansion project.

ACOA is providing a repayable contribution of $1 million towards the project through its Business Development Program while the Province of New Brunswick is contributing a payroll rebate of $500,000, a forgivable loan of $250,000, as well as a $500,000 repayable loan through Opportunities NB.

The project consisted of expanding the existing facility and installing pallet manufacturing equipment so the company can begin making block pallets out of aspen, a relatively underused wood source.

Quotes:

“The Government of Canada is committed to supporting high-impact companies that play an important role in improving Canada’s competitiveness and creating jobs for Canadians. That is why we will continue to invest in companies such as Groupe Savoie to help them grow and generate wealth in their community.”

- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA

“I am pleased to announce that ACOA’s support for this project will enable Groupe Savoie to continue to grow and diversify its product offerings. The additional jobs that are created as a result of the expansion will help this major employer in Saint-Quentin further contribute to the economic well-being of this region.”

- René Arseneault, MP for Madawaska-Restigouche

“New Brunswick has an export-driven economy. By helping businesses like Groupe Savoie improve their competitiveness, they increase their exports, which creates jobs. Groupe Savoie is one of the largest employers in northern New Brunswick with deep roots in the community. We are pleased to support their expansion and job creation plans.”

- The Honourable Brian Gallant, Premier of New Brunswick

“This investment in product and process innovation will enable us to maximize economic benefits by harvesting aspen, a forestry resource that is available, but has been underutilized up until now. Our governments’ support and confidence in our company will enable us to continue to innovate and make sustainable use of available resources, while maintaining our value-added philosophy. We are proud to partner in job creation and participate in the economic growth of the region.”

- Jean-Claude Savoie, Chairman of the Board & Chief Executive Officer, Groupe Savoie

Associated Links:

• http://www.acoa-apeca.gc.ca/eng/IWantTo/ExpandMyBusiness/Pages/Home.aspx
• http://groupesavoie.com/en/

Contacts:

Lisa Gautreau
Communications Officer
Atlantic Canada Opportunities Agency
506-471-1565

Valerie Kilfoil
Communications
Opportunities New Brunswick
506-453-8168

Alain Bossé
President & Chief Operating Officer
Groupe Savoie
506-235-1055

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