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Premier Tech Invests $7 Million to Expand One of its Six Rivière-du-Loup Plants
To support the steady growth of its Industrial Equipment Group, Premier Tech will inject seven million dollars into expanding one of the plants at its Campus in Rivière-du-Loup. That investment is required due to the great demand for its automated packaging systems manufactured in Rivière-du-Loup and exported primarily to the Americas. The multiple acquisitions over the last few years in this sector are also greatly contributing to the need for increasing the company’s manufacturing capacity.
Starting in March, the work for adding 2 300 square metres (25 000 ft2) to one of the two Industrial Equipment Group plants in Rivière-du-Loup will get under way. The expansion will include an area dedicated to final assembly and start-up of the automated packaging systems designed by Premier Tech’s engineering teams, as well as an isolated area dedicated to stainless steel work. The latter aspect is necessary with the considerable increase in sales in the food industry that the Group has been experiencing for several years.
Over the next three years, nearly 30 new team members will join the roughly 60 already at this plant, the surface area of which will then reach nearly 7 000 square metres (75 000 ft2).
“This expansion is a major step for our Industrial Equipment Group teams,” states Jean Bélanger, President and CEO of Premier Tech. “It demonstrates the extent of our teams’ skills. Our clients, regardless of where they are from, don’t hesitate to come to Rivière-du-Loup because they recognize the state-of-the-art nature of our solutions. The growth potential is considerable, and it’s really very encouraging for the entire team.”
This major investment is in addition to the 15-million-dollar one, announced earlier this winter, for the expansion of the Campus’s road network and the construction of a three-storey office building. This will bring Premier Tech’s investments to over $22 million into its Campus over the next year.