The provincial government is providing a $500,000 loan guarantee and investing $100,000 to help maintain up to 70 jobs at SWP Industries Inc., a value-added manufacturing company in St. Stephen.
The loan guarantee will be used for working capital, along with a $100,000 contribution from the Regional Development Corporation through the Community Development Trust.
The company produces a line of value-added wood products, fencing products from northern white cedar, as well as manufactured vinyl fencing and aluminum fencing. They serve more than 400 dealers in the United States and Canada. Raw material is processed at SWP's sawmill in Bayside, NB.
