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Quebec Panolite secures C$430,000 loan
Published:  16 March, 2009

Panolite Inc, based in Lac-Mégantic, Quebec has been awarded a C$430,000 Canadian government loan to enable it to automate its manufacturing process and implement a commercialisation strategy for its lightweight ecological panels.
The economical honeycomb pressboard and recycled wood fibre panels can be used in the manufacture of kitchen cabinets and doors, commercial cabinetry, furniture and architectural design.
Panolite expects to create 10 new jobs with this project and hopes to gain a rapid market foothold by becoming one of Canada's largest manufacturers of lightweight panels.

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