Taking the affordable housing market by storm
Look around the United States, Asia, Europe, South America or Africa and you will find houses manufactured by Demco, an SME operating out of the central Quebec town of Princeville. With the solid reputation for quality it has already built in some 20 countries around the world, Demtec’s dream was to break into the globally-booming affordable housing market.
To achieve this latest step in its strategic development, the firm appealed to Canada Economic Development to serve as a partner in its growth. The goal? To expand and modernize the Demtec plant in Princeville.
New leading-edge equipment
Thanks to Canada Economic Development’s financial support, Demtec was able to acquire new high-tech equipment to automate the manufacture of wall panels used in residential and commercial building. Greater room was then needed to accommodate this new equipment, so a 4,738 square-metre (51,000 square-foot) addition was built to house the new assembly line.
After investing nearly $7 million in this ambitious project, Demtec became the first plant east of Alberta to possess this kind of equipment—equipment the company estimates will help it triple sales within the three years.
“We believe that people who are happy in the workplace tend to take greater care and pride in their work. Employees like this are valuable assets for Demtec.”
According to Demtec CEO Ivon Le Duc, the company’s success is largely credited to the quality and commitment of his staff: “Of the 60 some people we employ, a good number of them have been with us since 1986. We believe that people who are happy in the workplace tend to take greater care and pride in their work. Employees like this are valuable assets for Demtec.”
Demtec is very proud to announce that 60 new quality jobs have been created as the result of major investments in the processed materials sector, an area targeted as a priority for the Centre-du-Québec region.
