Dec. 11, 2009
DIEPPE (CNB) - The provincial government is helping maintain 56 manufacturing jobs at CE3 Custom Electronic Integrators Inc.
"I am proud to invest in the future of New Brunswick by helping CE3 Custom Electronic Integrators Inc. obtain credit in these difficult financial times," said Business New Brunswick Victor Boudreau. "This highly specialized company needs skilled employees to fulfil its contracts, and the provincial government's support will ensure the company and its workers can achieve their goals."
The provincial government is providing a $500,000 term loan as working capital to safeguard the jobs of 56 employees who design, engineer, assemble and test electronic products.
"Our custom-made electronics components are used to manufacture a variety of products in the aerospace, defence and security industry," said David Whitton, president of CE3 Electronic Integrators Inc. "The province's support means we will continue to grow and provide other local businesses with the electronics they need."
CE3 Electronic Integrators Inc. began in 1985 as a small shop manufacturing components primarily to the magnetics technology sector. Since 2002, production has focused on cable and harness, printed circuit boards and electronic components.
"Our government knows that the aerospace and defence industry is a growth industry in this province," said Boudreau. "We are working with our partners in this industry to ensure they are supported by a responsive tax environment and appropriate infrastructure. Strategic investments such such as this will help New Brunswick achieve its goal of self-sufficiency by 2026."
MEDIA CONTACTS: Ashley Bursey, communications, Business New Brunswick, 506-461-0942, firstname.lastname@example.org: David Whitton, president, CE3 Electronic Integrators Inc., 506-877-0734, email@example.com.