Staff
The Caisse de dépôt et placement du Québec is making a $100-million equity investment in a Quebec cement plant.
The project is being led by Beaudier, the majority shareholder of Bombardier and BRP.
“With its production targeting the U.S. market, the McInnis Cement project is fully aligned with this vision,” says Michael Sabia, the Caisse’s president and CEO. “I am convinced that with the excellent management team recruited by Beaudier and the proximity of the U.S. market, this project is a sound investment for the Caisse.”
Construction of the plan is expected to begin in the spring. The majority of the cement produced will be exported out of Quebec.
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