Stelpro to Invest $24M in Saint-Bruno-de-Montarville
October 30, 2018
The $24 million investment by Quebec electric heating equipment and electronic controls manufacturer Stelpro will boost the company’s growth, increase productivity and production capacity, and create 50 new jobs.
For several years, Stelpro has maintained steady growth and plans to accelerate this momentum by relying on a strategic development plan aimed at increasing revenues by around 45%. The company’s success is based on its ability to reinvent the electric heating industry by offering innovative products and aggressive U.S. market penetration.
This investment will add 65,000 square feet of space to support the growth of the company’s sales and market share. Part of this new space will be devoted to increasing production and distribution capacity. Innovation and product development facilities will also be improved along with office space. Work began in June and will continue until the end of 2019.
In addition, Stelpro will continue to invest in automation and robotization. The ongoing industry 4.0 transition will bring a convergence of manufacturing and digital aspects to optimize and improve agility, adapt to real-time demand and better meet market needs.
“Stelpro is firmly committed to manufacturing competitively in Quebec and maintaining quality jobs here,” says Yves Chabot, owner and President. “The strength of our relationships with our customers, partners and suppliers was also a key factor in the decision to invest here. Our strategic plan, which makes Stelpro an industry leader, is firmly based on our team’s expertise and leadership in all areas of electric heating, as well as our commitment to creativity at all levels of the company.”
Stelpro is a family-owned business established in Quebec in 1981. The company employs more than 400 people in two manufacturing plants located in Saint-Bruno-de-Montarville and Grand-Mere, Quebec, where over 800,000 heating units are produced yearly (electric baseboards, convectors, fan heaters, heating cables, etc.) and approximately 400,000 electronic controls, including electronic thermostats. Stelpro is a Canada’s Best Managed Companies Gold Standard winner, and was also ranked as one of the top Quebec companies by Les Affaires newspaper.
