Canada: The governments of Quebec and Canada have awarded France’s Soprema US$6.9m towards building an insulation plant at Sherbrooke in the Estrie region of Quebec. The project has a total budget of US$34.6m and it will produce extruded polystyrene insulation panels.
The Quebec government funding, allocated under the ESSOR program, includes a US$4m loan and a non-repayable financial contribution of US$1.2m. As for the federal government, Canada Economic Development for Quebec Regions (CED) has granted US$1.6m to Soprema, in the form of a repayable contribution.
Headquartered in Strasbourg, France Soprema produces insulation, waterproofing, soundproofing and roofing products for the construction and civil engineering sectors. Its North American head office and research centre are located in Drummondville, in the Centre–du–Québec region. The company runs three plants in Canada at Drummondville, Quebec City and Richmond.
