Government of Canada Supports Unik Parquet’s Growth by Funding Acquisition of Automated Production Equipment
Ottawa, Ontario – February 18, 2025 – The Government of Canada today announced a significant investment to support the growth of Quebec-based hardwood flooring manufacturer Unik Parquet. The funding will help the company acquire state-of-the-art automated production equipment.
Investment Details
The Government of Canada is providing Unik Parquet with a loan of up to $2 million through the Business Development Bank of Canada’s (BDC) Industrial and Technology Loan program. This funding will allow the company to purchase and install new automated equipment, including a high-speed molding machine, a CNC router, and a sorting and packaging system.
Expected Impacts
The acquisition of this new equipment is expected to significantly enhance Unik Parquet’s production capacity and efficiency, while also reducing labor costs. The company projects that the new equipment will:
- Increase production capacity by 30%
- Reduce production time by 25%
- Reduce labor costs by 15%
- Improve product quality and consistency
Government Support
“Our government is committed to supporting the growth of Canadian businesses,” said the Honorable Mélanie Joly, Minister of Foreign Affairs. “This investment in Unik Parquet will help the company expand its operations, create jobs, and become even more competitive in the global marketplace.”
Company Reaction
“We are thrilled to receive this support from the Government of Canada,” said André Dufresne, President and CEO of Unik Parquet. “This investment will allow us to take our production capabilities to the next level and significantly enhance our competitiveness. We are grateful for the government’s recognition of our potential and their commitment to supporting our growth.”
About Unik Parquet
Unik Parquet is a leading manufacturer of high-quality hardwood flooring. The company has been operating in Quebec since 1995 and currently employs over 150 people. Unik Parquet’s products are sold in Canada, the United States, and Europe.
About the Business Development Bank of Canada
The Business Development Bank of Canada (BDC) is a government-owned financial institution that provides financing, advisory services, and venture capital to Canadian businesses. BDC offers a range of financing options to businesses of all sizes and industries, including loans, equity investments, and venture capital financing.
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