# Soucy Techno receives $12M in financial assistance for expansion

Soucy Techno inc., a specialist in rubber mixtures for caterpillar tracks and other products, has received $12 million in financial assistance from the governments of Canada and Quebec and Investissement Québec. The funds will be used to acquire new equipment, including a rubber mixing line, expand its building, and increase electrical capacity.

- Type: Investment
- Announced: 2023-01-11
- Where: Sherbrooke, Quebec, Canada
- Value: $9.00M (12.0M CAD)
- Status: announced
- Products: rubber mixtures, caterpillar tracks, hosing, seals, pipe coverings, wear-resistant parts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Soucy Techno](https://endata.com/companies/10121.md)
- [Investissement Québec](https://endata.com/companies/1515.md) (investor)
- [Canada Economic Development for Quebec Regions](https://endata.com/companies/4025.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/increasing-productivity-12m-in-investments-to-support-soucy-techno-s-growth-829902498.html), 2023-01-11: "Thanks to CED's support, Soucy will continue to grow!"

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