Government of Canada supports Unik Parquet’s growth by funding acquisition of automated production equipment
Sherbrooke, Quebec, February 18, 2025 – The Government of Canada is providing a repayable contribution of $1 million to Unik Parquet, a Sherbrooke-based company specializing in the design, manufacture and distribution of high-quality wood flooring. This funding will help the company acquire automated production equipment, which will increase its productivity and competitiveness.
The funding was announced today by the Honourable Pascale St-Onge, Member of Parliament for Brome-Missisquoi, on behalf of the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.
“Our government is committed to supporting businesses like Unik Parquet that are innovating and creating jobs,” said Minister Champagne. “This investment will help the company grow and compete in the global marketplace.”
Unik Parquet will use the funding to acquire a new automated production line, which will allow the company to increase its production capacity by 30%. The new equipment will also help the company to reduce its production costs and improve the quality of its products.
“This investment is a major milestone for Unik Parquet,” said Patrick Bouchard, President and CEO of Unik Parquet. “It will allow us to take our business to the next level and become a leader in the global wood flooring industry.”
Unik Parquet is a privately-owned company that was founded in 1999. The company has 50 employees and generates annual revenues of over $10 million. Unik Parquet’s products are sold in Canada, the United States and Europe.
The Government of Canada’s investment in Unik Parquet is part of its Innovation and Skills Plan, a multi-year strategy to make Canada a global leader in innovation. The plan includes measures to support businesses in all sectors of the economy, from manufacturing to clean technology.
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