The Government of Canada is investing $275,000 in Nova Wood Products Limited to renovate its facility and install new equipment to modernize its operations.
Nova Wood Products Limited will enlarge its lacquer finishing area and purchase automated equipment to assist with the sanding and spray finishing of wood products. This will enable the company to bid on larger projects that require a higher quality finish and faster delivery times while maintaining its current client base and expanding to international markets. The new processing equipment and renovated space will help maintain 30 full-time positions. Several employees will be trained to operate the new equipment.
The funding was announced by Bernadette Jordan, Member of Parliament for South Shore – St. Margarets, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA).
ACOA is providing this repayable assistance through the Business Development Program, which supports strategic investments that will accelerate the growth of business and industries, such as those in the manufacturing sector. Today’s announcement builds on commitments made by the Government of Canada and the four Atlantic Provinces to drive economic growth in the region through the Atlantic Growth Strategy.
“Our government knows that business success in Atlantic Canada requires modernization and improvements to production efficiency. Nova Wood Products Limited is a prime example of the positive results that can be achieved when companies adapt advanced manufacturing approaches to remain competitive and seize international opportunities,” said The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“Nova Wood Products Limited has been a longstanding employer in Lunenburg for more than 26 years. The Government of Canada is pleased to support the expansion of its facility and upgrades to its manufacturing and processing equipment as it brings them one-step closer to reaching new international export markets,” adds Bernadette Jordan, Member of Parliament for South Shore – St. Margarets.
“The newly installed equipment has already had a positive impact on quality, productivity and capacity. It has immediately produced the positive results we anticipated,” said Scott McVittie, vice-president, and general manager, Nova Wood Products Limited
The company is a Forest Stewardship Council (FSC) certified manufacturer and a founding member of Architectural Woodwork Manufacturers Association of Canada (AWMAC) Atlantic.