Dec. 15, 2008
BALMORAL (CNB) - Federal and provincial funding of almost $1.4 million for A. Landry Fabrication Ltée was announced today by Premier Shawn Graham and Keith Ashfield, minister of state for the Atlantic Canada Opportunities Agency (ACOA). The funding will support the design and development of a first-to-market, purpose-built track harvester.
"We are putting New Brunswick on the road to self-sufficiency by investing in the Restigouche region and helping create more opportunities in all regions," said Graham. "This partnership with A. Landry Fabrication demonstrates our government's commitment to economic development in Balmoral, Restigouche and all of New Brunswick."
A. Landry Fabrication is a forestry parts and equipment manufacturer, and is currently testing the new track harvester. When completed, the harvester will enable clients in the forestry sector to choose an Atlantic-made machine. The machine will also be available to export markets.
"The Government of Canada is committed to working with its partners to make strategic investments that will capitalize on opportunities for economic growth and innovation in our communities," said Ashfield. "Our investment of more than $760,000 through ACOA and the National Research Council Canada (NRC) will help this company develop a unique, Atlantic-made product for the forestry sector, both in New Brunswick and, potentially, around the world."
Under its business development program, ACOA is providing a contribution of $500,000 toward development of the prototype. The NRC is investing $261,225 under its industrial research assistance program, which will also provide a range of both technical and business-oriented advisory services. The Province of New Brunswick is providing $625,000, with $125,000 from the Restigouche-Chaleur Economic Development Fund and the remaining $500,000 from the Community Development Trust.
"My son, Serge, and I have been dreaming of this machine for the past six years," said Armand Landry, company president. "Thanks to the participation of the federal and provincial governments and the extraordinary help from everyone, we are making our dream a reality."
The Community Development Trust is a federal initiative designed to help provinces and territories assist communities and workers experiencing economic hardship caused by the current volatility in global financial and commodities markets. The Government of Canada announced earlier this year that it will provide $30 million to the Province of New Brunswick under this fund.
MEDIA CONTACTS: Bruce Macfarlane, managing director, Communications New Brunswick, 506-444-4606; Sharon Stanford-Rutter, senior communications officer, Atlantic Canada Opportunities Agency, 506-451-2677; Renée Trépanier, communications manager, NRC, industrial research assistance program, 613-993-6741; Yves Gagnon, administration director, A.L.P.A. Equipment Ltd., 506-826-2717.