N.B. ventilation equipment manufacturer expanding, adding more than 100 new jobs
A ventilation equipment manufacturer in New Brunswick is expanding and adding more than 100 new jobs.
Systemair and the province are spending more than $5.1 million to modernize the company's Grand-Bouctouche and Moncton facilities.
Opportunities NB is providing a conditionally repayable loan of up to $957,000 to help buy a new automated sheet metal-forming production line.
It will also provide a payroll rebate of up to $425,000, which the province says will help create up to 122 jobs.
The new positions will cover a range of roles and experience levels, and recruitment is already underway.
'Systemair has long been a major employer in Grand-Bouctouche and the surrounding region,' said Luke Randall, minister responsible for Opportunities NB in a provincial news release.
'We are proud to support this investment in productivity and job creation – especially in the advanced manufacturing sector, which plays a critical role in building a more competitive and resilient economy for New Brunswick.'
The province says the investments are expected to contribute about $10 million in direct provincial GDP by next year.
'These investments will help us modernize our operations, boost productivity and expand our workforce across New Brunswick. We're proud to build our presence in a province that shares our commitment to innovation, sustainability and growth,' said Systemair general manager Daniel Goulet.
The company is a subsidiary of Sweden-based Systemair AB, which operates in 51 countries with 26 production facilities and 6,600 employees worldwide.
For more New Brunswick news, visit our dedicated provincial page.
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