The governments of Canada and Quebec are providing a total of $2,780,000 in financial assistance to the company FjordAl Aluminium for starting up an aluminium rod manufacturing plant in the Jonquière sector of Saguenay.

The project, valued at $6,590,000, will create 20 jobs.

Mr. Richard Hébert, Member of Parliament for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Business and Export Promotion, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED), along with Ms. Andrée Laforest, Minister of Municipal Affairs and Housing and Minister Responsible for the Saguenay–Lac-Saint-Jean Region, on behalf of Mr. Pierre Fitzgibbon, Minister of Economy and Innovation, made the announcement today.

The Government of Canada is awarding a repayable contribution of $1,000,000 under CED's Quebec Economic Development Program. The Government of Quebec's assistance consists of two loans: one for $990,000 from Investissement Québec's own funds, and a second one for $790,000 from the ESSOR program by the Ministère de l'Économie et de l'Innovation.