May 11, 2015, FREDERICTON (GNB) – A fiberglass products manufacturer is expanding its operations in St. Stephen, creating up to 40 new jobs over the next four years.
“The expansion of Vilco Limited brings skilled jobs to the St. Stephen region to help move New Brunswick forward,” said Premier Brian Gallant. “This expansion will position the company to grow its export business, while also boosting the provincial economy and supporting local families.”
Based in Waverly, Nova Scotia, Vilco Limited manufactures fibreglass residential oil tanks and aquaculture tanks as well as overhead canopy signs for gas stations. It has been in business for over 30 years and has sales offices in the New England States. In 2011, it purchased Superior Tanks Ltd. in St. Stephen.
“Our government’s job creation model is focused on building a skilled workforce for a stronger economy and a stronger province,” said Minister Rick Doucet, minister responsible for Opportunities NB. “Vilco is a well-established, leading manufacturer of durable, easy to maintain and easy to install fiberglass products. The new jobs in St. Stephen will focus on the production of gas station canopy signs.”
Doucet said the canopy signs are used by gas stations to provide shelter to customers while fuelling their vehicles.
“We first came to this community four years ago and have enjoyed a lot of success,” said Pierre Cote, President of Vilco / Superior Tanks. “The resident labour force, the local support services, and the suppliers from the area have all been integral to our growth. We look forward to expanding our presence within this community, building upon our past success, and to continuing to grow.”
Opportunities NB is providing the company with a $310,000 forgivable loan. The investment is expected to increase the provincial GDP by approximately $2.1 million annually at full ramp-up.
Vilco Limited has purchased a $275,000 building in St. Stephen and plans to invest up to $750,000 in new manufacturing equipment. The company currently has six employees working in the town.
From left: Pierre Côté, president of Vilco / Superior Tanks; Agriculture, Aquaculture and Fisheries Minister Rick Doucet, who is also minister responsible for Opportunities NB; Premier Brian Gallant and Charlotte-Campobello MLA John Ames.
MEDIA CONTACT(S):
Elaine Bell, communications, Opportunities NB, 506-453-8607.