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CAC speaks out against Quebec investment in cement plant


February 4, 2014
By Rock to Road

February 4, 2014 – The President and CEO of the Cement
Association of Canada (CAC) is speaking out after the Government of Quebec
announced it would provide funding for the construction of a cement plant on
the Gaspé peninsula.

February 4, 2014 – The President and CEO of the Cement
Association of Canada (CAC) is speaking out after the Government of Quebec
announced it would provide funding for the construction of a cement plant on
the Gaspé peninsula.

The new plant, which will be constructed by McInnis Cement
in Port-Daniel-Gascons, will include a $250 million loan from the Quebec
government along with a $100 million grant from Investissement Québec. The
company will also receive a 10-year tax write-off for capital spending and
preferred electricity rates in exchange for the permanent job creation that the
plant will bring to the region.

CAC’s Michael McSweeney appeared on CBC’s The Lang & O’Leary Exchange to speak
out against the investment by the Québec government, saying that the
association is “furious, angry and indignant” about the decision. McSweeney
went on to say that he believed the government was misled in their
decision-making on the project, which lauded the creation of 400 permanent jobs
with the construction of the plant, which McSweeney pegged at closer to 150
based on modern practices. McSweeney also stated that the jobs created at the
new plant would cost jobs elsewhere in the Quebec cement industry based on the
demand for the resource.

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McSweeney recommended that this investment should instead be
used in the creation and maintenance of needed infrastructure projects in
places like Montreal and Quebec City.

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