Nova Scotia battery company gets $2.4 million federal loan to help expansion
SPRINGHILL, N.S. – A Nova Scotia battery company is getting a $2.4-million federal loan to help it with an expansion of its production facility.
Surrette Battery Company Ltd., Canada’s only manufacturer of deep cycle lead-acid batteries, is embarking on a 25,000-square-foot expansion that will see it incorporate advanced technologies into its production line.
The move will allow the company to create up to 18 full-time positions at its Springhill, N.S., plant.
The federal funding will be funnelled through the Atlantic Canada Opportunities Agency.
The company is also in line for a $1.2-million innovation rebate from Nova Scotia Business Inc., once it installs its equipment.
Surrette Battery employs 82 people and was recently awarded a contract to supply up to 60,000 batteries a year, for a minimum of five years, to export markets in Germany, Italy and France.
The company’s batteries are used in the marine, railroad, renewable energy and motive power industries.News from Canadian Press Enterprises Inc. © 2018