# Government of Canada invests $5M in Soucy International expansion

Canada Economic Development for Quebec Regions provided a repayable contribution of $5 million to Soucy International Inc. to manufacture and acquire production equipment to improve productivity and enhance production capacity for track systems and components.

- Type: Investment
- Announced: 2024-02-02
- Where: Drummondville, Quebec, Canada
- Value: $3.70M (5.00M CAD)
- Status: announced
- Products: track systems, rubber traction equipment, components for off-road vehicles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Soucy International](https://endata.com/companies/53244.md)
- [Government of Canada](https://endata.com/companies/1351.md) (investor)

## Sources

- [canada.ca](https://www.canada.ca/en/economic-development-quebec-regions/news/2024/01/government-of-canada-invests-in-soucy-internationals-growth-by-supporting-its-expansion.html), 2024-02-02: "This major investment aligns with our long-term growth plan for the production of our tracks and track systems for the agricultural and industrial sectors."

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