📋 Tender Overview
The hydraulic sector has already been in a period of prosperity for some years now. Design services are increasingly in demand by manufacturers using hydraulics as a major component of their products. Several areas of activity including construction transportation forestry mining agriculture the maritime industry and fisheries are already using this technology.In light of this market potential experienced engineer Gilles Cloutier and his partner Danny Collin have launched GenHydrau. The start-up established in Sainte-Anne-des-Monts specializes in the design and manufacture of hydraulic systems and more specifically in the design machining and assembly of hydraulic distribution systems called manifolds.Seizing business opportunities through automationIn support of its launch GenHydrau will be able to count on a repayable contribution of 105000 from CED to hone its business and acquire various pieces of production equipment including a computer numerical control CNC machining centre. This purchase will enable it to manufacture hydraulic manifolds in large quantities with a short turnaround and at very competitive prices.The funding was announced today by the Honourable Diane Lebouthillier Minister of National Revenue on behalf of the Honourable Mlanie Joly Minister of Economic Development and Official Languages and Minister responsible for the six regional development agencies RDAs including CED.Unique trail-blazing turnkey solution offered in GaspsieManufacturing hydraulic manifolds has become an innovative solution in the sector. In Quebec the pool of potential clients is immense and yet manufacturers are rare as hydraulics knowledge and training are limited. This is an area of expertise GenHydrau plans to develop in the coming years but the business already has the necessary assets to provide turnkey service. From the design to manufacturing to assembly of products specifically designed and adapted to its clienteles needs GenHydrau is the only business in Quebec to be able to offer a comprehensive complex hydraulic design and assistance service.This project aligns perfectly with CEDs mission to encourage the development of a dynamic entrepreneurial environment and economic diversification in Gaspsie among other things by supporting the start-up of an innovative business.QuotesGenHydrau is the perfect example of a business contributing to Gaspsies dynamic entrepreneurial environment. I am delighted that CED is supporting the start-up of a homegrown business so that it can equip itself adequately to seize developing business opportunities.The Honourable Diane Lebouthillier Member of Parliament for GaspsieLes les-de-la-Madeleine and Minister of National RevenueHelping entrepreneurs to launch their business projects innovate to seize business opportunities and create good-quality jobs is at the heart of our priorities. That is why we are providing our support to GenHydrau a very promising new business that will be an asset for all of Gaspsie contributing to the diversification of the regional economy.The Honourable Mlanie Joly Member of Parliament for Ahuntsic-Cartierville Minister of Economic Development and Official Languages and Minister responsible for CEDFor our team support from our partners provides crucial leverage. To be able to compete in the hydraulics sector we must turn towards new technologies and innovation to manufacture quality products. To achieve this we must equip ourselves adequately. I am pleased and proud to be able to count on a partner such as Canada Economic Development to support us in our launch.Gilles Cloutier Vice-President GenHydrau
