# FilSpec receives $1M from Canada to automate technical yarn production

FilSpec, a high-performance technical yarn manufacturer in Sherbrooke, Quebec, received a $1 million repayable contribution from Canada Economic Development to acquire automated equipment including roboticized ring frames, mule frames, and air jet spinning wheels.

- Type: Investment
- Announced: 2022-11-08
- Where: Sherbrooke, Quebec, Canada, Canada
- Value: $750K (1.00M CAD)
- Status: announced
- Products: high-performance technical yarn
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [FilSpec](https://endata.com/companies/66519.md)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/filspec-to-automate-production-thanks-to-government-of-canada-support-814099818.html), 2022-11-08: "This CED investment will enable the manufacturer to acquire three types of equipment: Highly roboticized ring frames, mule frames, and air jet spinning wheels."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.