04 June 2010
04 June 2010
The Federation of Plastics and Alliances Composites (FEPAC) will receive $130,456 under the Business and Regional Growth program to develop intervention methods for small and medium-sized enterprises (SMEs) under its jurisdiction.
FEPAC has developed a major program, IMAC Plastics-Composites, which is aimed at helping SMEs smoothly transition to enhanced performance and sustained growth. Initially, some 40 firms will participate in this program, which consists of four phases—preparation, pilot, validation and deployment—and in which FEPAC is investing $121,900. In practical terms, FEPAC guides its member firms in their undertakings and helps them redefine their business plans and commercialization strategies, which will influence their choices in terms of investments, technologies and training activities and make them aware of the value of placing greater importance on research and development.
""Canada Economic Development considers it essential to lend its financial support to such a strategic sector as the one that the Federation of Plastics and Alliances Composites represents. Thanks to the work of this trade association, which supports business leaders and provides them with innovative management tools, SMEs become more competitive in their respective markets, at both the domestic and the international level. It is so that our companies may continue to prosper that we have chosen to support an organization that contributes to the economic growth and development of Quebec,"" explained the Honourable Denis Lebel, Minister of State for Canada Economic Development.
FEPAC, an employer/trade association, comprises more than 180 enterprises in the Quebec plastics and composites industries. Its mission is to facilitate networking and, ultimately, joint projects.