Good business announcement for borough following Old Dutch and Blue Water losses
By Kevin Woodhouse
www.thesuburban.com
The 45 year old manufacturing company, CAD Railway Industries Ltd., which specializes in repairing and upgrading train cars, received some good news from La Caisse de dépôt et placement du Québec last week and Premiere Pauline Marois with a $7.5 million investment that will almost double its current 300-strong workforce with 275 new jobs.
The timing of last week’s announcement is “good news before Christmas,” Lachine Mayor Claude Dauphin told The Suburban.
“There will be 275 new jobs coming to the community. When we had the closure of Old Dutch we were asking the Quebec government to make some job creation efforts. They seem to have understood the message as these jobs are permanent.”
The company will use the investment to upgrade the facility as well as including professional development programs for employees. This is not the first time the Caisse has helped the Lachine based company, partnering up with it two years ago and a $7 million investment.
“Our priority is to create quality jobs for Quebecers,” Premiere Pauline Marois said at last week’s announcement. “CAD will be able to increase its presence as a North American player in the railway sector.”
Dauphin said that one of the reasons the Quebec government reached out to CAD and not Old Dutch was because “the company had been investing a lot to improve whereas with Old Dutch, there was very little cooperation.”
Blue Water will be closing production this coming June, but Dauphin said company representatives have been forthcoming, hoping to find new jobs for their employees.
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