TERREBONNE – ADF Group Inc., a producer of steel structures used in buildings and infrastructure, says it plans to sign a deal with Investissement Québec for a loan of up to $10 million for its Métabetchouan project.
The plan at ADF’s Groupe LAR Inc. subsidiary includes improvements at its current plant in the Saguenay-Lac-Saint-Jean region of Quebec, construction of an adjacent extension and acquisition of new equipment.
It will be carried out in parallel with a plan to modernize ADF’s facilities in Terrebonne, Que.
The company says it has also signed an agreement for loans under Quebec’s ESSOR program, managed by Investissement Québec, totalling $5 million, including $4 million, interest-free, for the Métabetchouan project, and $1 million, bearing interest at a fixed rate of 4.1 per cent for the Terrebonne project.
The financing is in addition to an agreement with the federal government through its strategic response fund.
The federal contribution is for up to $12.5 million, with half being non-repayable and the other half being repayable but interest-free.
This report by The Canadian Press was first published July 2, 2026.
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