Government drops $11 million to expand Tesla supplier Verbom in Quebec

By CRM Staff

Sherbrooke, Quebec — May 9, 2018 — The federal and provincial governments have teamed up to contribute $11 million toward an expansion that will increase production for Verbom, a Tesla supplier located in Quebec.

“By integrating new technology into its aluminum parts production line, Verbom has built a reputation for excellence in sheet metal processing. We are therefore proud to help this manufacturer today in carrying out this major project, which will help increase its productivity, while showcasing aluminum and driving the development of the electric vehicle sector in Quebec and around the world,” says Dominique Anglade, Deputy Premier, Minister of Economy, Science and Innovation and Minister responsible for Digital Strategy.

The federal government provided a $4.8 million grant for the project, and the government of Quebec topped off the funding with a cool $6.1 million loan. This comes after the government sectors initially teamed up to offer Verbom $7.4 million in support of building the initial production line, which was established to build body parts for the Tesla Model X.

This new addition to the project will create around 100 jobs and increase productivity in the facility.

“In adopting the Innovation and Skills Plan, the Government of Canada implemented an ambitious approach to support innovative Canadian businesses that find new ways of creating value and expanding into new markets. This is a firm commitment to sustainable job creation and community prosperity,” says Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.