Groupe Savoie expands its Saint-Quentin, New Brunswick, operations and increasing its workforce with investments from the provincial and federal governments, as Government of New Brunswick reported.
The company, which is a leading producer of a wide range of top-quality hardwood products exported across North America, Europe and Asia, is branching out into block pallet production and hiring 40 new employees.
Opportunities New Brunswick will contribute a payroll rebate of $500,000 and a $500,000 repayable loan. Once filled, the 40 positions will contribute an estimated $4.9 million annually to the province’s GDP.
The Regional Development Corporation is contributing up to $1.1 million that will be used for improvements at two facilities, as well as for equipment and pallet production. The company’s capital investments of nearly $10 million are expected to increase export sales as well as improve productivity and competitiveness.
The Atlantic Canada Opportunities Agency (ACOA) is providing a repayable contribution of $1 million through its Business Development Program.
Founded in 1978, Groupe Savoie produces hardwood products for international markets including: pallets and pallet components, cabinet and furniture components, hardwood lumber, tone wood components, ecological fuels and wood chips.
