McInnis Cement counters Quebec plant opponents’ government subsidy claims

Sources: McInnis Cement, Montreal; Lafarge North America, Chicago; CP staff

Responding to Lafarge North America charges of “enormous subsidies” behind a $1 billion greenfield cement plant and marine terminal in eastern Quebec, McInnis Cement contends: “The project has no subsidies [and] is being financed based on the merits of the business, with all debt and equity investors involved doing so on a commercial basis alone.”

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