Toy producer Mega Brands Inc. is seeking $50 million (US$48.5 million) fund from the province of Quebec for research and development and to buy more automation equipment.
The Montreal-based company is seeking a five-year loan, grant or combination of the two, Mega Brands said in a submission to the Quebec government's lobbyist registry. The company competes head-on with Lego in the child's plastic construction block market and also makes games and art supplies. It has production plants in Montreal, China, Tennessee and also relies on sub-contractors.
Source: Plastics News