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11 Jan 2012

Over $300 million in Japanese investments in Québec

Part of the Aluminerie Alouette facilities in Sept-Îles.

In 2012, a number of Québec companies will benefit from major investments from Japan that will create hundreds of jobs in various economic sectors, including information technology, video games and natural resources and mining.

Aluminerie Alouette
The largest aluminum manufacturer in North America (40% owned by Rio Tinto Alcan and 20% by Norsk Hydro) will receive an additional $185 million from Marubeni Corp., the 5th largest trading company in Japan. The investment will allow Marubeni to double its share capital in the Sept-Îles aluminum smelter to 13.3%.

Fujitsu Canada
Fujitsu, which acquired DMR in 1997, announced the launch of an Innovation Centre in Québec City, the very first of its kind in Canada. The $20 million investment will create approximately fifty high-quality IT jobs. This Japanese company already employs 1,100 people in the Québec City area.

Eidos-Montréal and Square Enix Montréal
A $100 million five-year expansion plan announced by Japanese group Square Enix, a world leader in interactive entertainment, will result in the creation of over 100 jobs at Eidos in Montréal and the opening of a brand-new studio - Square Enix Montréal - in 2012 (150 new jobs). Eidos Montréal’s total workforce will increase to 580, making it the 3rd ranking video game producer in the city.

Matamec Exploration Inc.
Matamec has just signed a Memorandum of Understanding with Toyota Tsucho Corporation (TTC), the trading company of the Toyota Motor Group. TTC is interested in securing a heavy rare earth supply for the production and marketing of hybrid and electric vehicles. The Japanese company will help finance a feasibility study for the development of the deposits at the Kipawa Mine, which is located in Abitibi-Témiscamingue and is owned by Matamec.

Premier Jean Charest’s visit to Japan from August 22 to 26, 2011, during which he promoted the Plan Nord and held meetings with business leaders, received very favourable coverage from the Japanese press.

Québec Government Office in Tokyo

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