The Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ – Estrie have announced a $5 million investment in Belt-Tech Products Inc, a manufacturer of seat belt webbing for the automotive, industrial and aviation markets.
The funds will be used to purchase equipment, increase working capital to support expanding operations, automate its plant and improve productivity by making the innovation shift to Industry 4.0.
A second innovation project is also under way to automate the dyeing process.
Belt-Tech – which is based in Granby, Quebec, in Canada – says it is positioning itself as “a leader in the $100 million North-American automotive and aviation seatbelt market”. [Read more…] about Canadian investment fund puts $5 million into Belt-Tech Products Inc
