Canada-France project announcements

Silingen Group - cleantech greenfield - tire recycling plant in Hamilton, Ontario ($7.5 million, 40 jobs)

The Silingen Group is a family-owned company with 80 employees and two factories: one located in Katowice, Poland, and the other in Bamberg, Germany, where the company’s head office is located. The company’s goal in Canada is to create waste recycling units using a waste-free process and without the emission of greenhouse gases.

The Group has decided on Hamilton, Ontario, as the location for its first plant in Canada. The Group is considering opening a second plant in Quebec and perhaps a third one in New Brunswick. The investment for each plant would be $7.5 million, and each would employ 40 people.

FB Croissance Holding - venture capital: $4-million to $10-million investment fund to support French start-ups in Canada

FB Croissance Holding is an investment fund specializing in the financial sector of French start-ups. The fund is managed by the law firm Strateys located in the Brittany region of France.

In December 2017, the FB Croissance fund created a subsidiary in Canada: Conseil Québec Investissement Croissance Inc (CQIC). CQIC will support Strateys’ clients by financing Quebec start-up companies in Canada and will also invest in assisting Canadian and French start-up companies to become established in Canada in the AI, medical technology and biotechnology industries. The fund is expected to invest between $2 million and $4 million over an initial two-year period to support a dozen innovative companies in setting up operations development projects in Canada, including in Quebec.

Diana Food - collaboration in agri-food research ($1.6 million)

Diana Food offers culinary ingredients to enhance the flavour of savory foods, natural food colouring for beverages and confections, and products that bring texture and visual impact to baby food. The company employs more than 1,110 people in 23 countries.