Manac will expand its largest manufacturing plant and develop new sales and service centers in Quebec and elsewhere in Canada, after receiving a $170-million financing.

The Canadian trailer maker’s largest plant is in Saint-Georges, Que. The company says the loans will help it update its Saint-Georges plant with new technologies.

“We are grateful to all our partners for their continued confidence in our company. Our team is guided by an ambitious vision and a strong focus on continuous improvement. This new financing is an important element in supporting our objectives,” said Charles Dutil, president and CEO.

“It will enable us to adapt our Saint-Georges plant to the changes in semi-trailer dimensions permitted by regulation, improve our productivity by integrating innovative technologies, and broaden the scope of our offering by setting up new sales and service centers in Quebec and Canada. Maintaining an efficient, competitive manufacturing site for over 55 years in a highly cyclical industry is quite a challenge and requires the commitment of many partners. The project we have just initiated is designed to enhance our competitiveness and maintain the trust of our customers and partners for many years to come.”