Mr. Speaker, the announcement that the Textiles Monterey mill will reopen is another indication of the vitality and entrepreneurship of the people of Drummond. Last September, 270 jobs were lost after the company declared bankruptcy. In just six months, a group of former employees, both managers and workers, came up with a business proposal to acquire the company's assets and to specialize the new company's production.
The reopening of Textiles Monterey is the fruit of the collaborative efforts and great determination of all stakeholders: the employees, the union, the financial institutions, the FTQ solidarity fund, and the three levels of government. The success of this operation stems from the establishment of a financial network and, above all, a dialogue between local resources.
On behalf of all my fellow citizens of Drummond, I wish every success to the shareholders of the new Textiles Monterey company.