For immediate release
Varitron invests more than $3.5 million in its Granby plant
and embarks on new wave of growth
Saint-Hubert, January 21, 2016 – Varitron has made major investments at its Granby plant since the fall of 2015. The company, in collaboration with its long-standing financial partners, Business Development Bank of Canada, Investissement Québec and National Bank, has invested more than $3.5 million over the last few months. To meet a growing need for space due to increased hiring and to boost its production capacity, Varitron has redeveloped its facilities and acquired new high-technology equipment for its automated assembly lines.
“Higher business volumes and new technological challenges have encouraged us to inject significant funds in our Granby plant to improve its productivity,” says Varitron CEO Martial Vincent. “This enables us to position ourselves as the largest subcontractor of electronic service equipment in Québec and among the top five in Canada.” He added: “By helping cut costs, automating our production makes us more competitive and differentiates us in various markets. And even though as a general rule cost reductions sometimes lead to job losses, Varitron has hired nearly 200 employees since 2014. Recent investments at our Granby plant will spur the creation of about 25 new high-level jobs during 2016. This is good news for manufacturing in the Eastern Townships.”
Over the past 25 years, Varitron has carved out a select place in its market through its manufacturing expertise and its cutting-edge equipment, enabling it to provide complete service, along with world-class quality standards, in the energy, telecommunications, aerospace, medical, military and automotive industries. With its three plants, located in Saint-Hubert and Granby, Québec, and in Hudson, New Hampshire, together with its many partnership agreements and strategic alliances with key players on the international scene, Varitron is able, more than ever, to serve its customers well and to work alongside them in their innovation and development efforts.
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