Fonds de solidarité FTQ invests $5 mln in Belt-Tech Products
Fonds de solidarité FTQ and Fonds régionaux de solidarité FTQ-Estrie have invested $5 million in Belt-Tech Products Inc, a Granby, Québec-based maker of seatbelt webbing for the automotive, industrial and aviation markets. The funds raised will be used to buy equipment, increase working capital for growing operations, automate Belt-Tech's plant and improve productivity through innovation. Belt-Tech President Robert Bélanger said his company is also looking into acquisitions in the U.S. industrial and military markets, and expansion in the European and Asian automotive markets.
6 July 2018•3 mins read
