Lewis Mouldings and Wood Specialties is finding new opportunities and higher sales halfway into 2010.
The Weymouth, Digby Co.-based manufacturer of finger-jointed pine mouldings and other value-added products has survived the recent economic downturn that has seen other similar businesses shrink or close.
As market demand rebuilds for its products, Lewis Mouldings is working to fill customer needs and capture a greater share of the market.
"We continue to run a successful business by employing hard-working people and staying focused on producing high-quality, value-added products," said Jamie Lewis, general manager, Lewis Mouldings. "We are a family company in Nova Scotia and couldn't imagine operating anywhere else."
The province, through Nova Scotia Business Inc. (NSBI), is supporting Lewis Mouldings' efforts to position itself for growth.
"Greater productivity, new market growth, creating good jobs and growing the economy are priorities that our government is encouraging and supporting," said Economic and Rural Development Minister Percy Paris.
NSBI has provided a $100,000 term loan for new equipment, including a large wood grinder, which will help convert by-products to fibre fuel.
NSBI has also signed a guarantee that will enable Lewis Mouldings to increase its operating line of credit by up to $300,000 with its bank.
"NSBI is working proactively with companies that are investing in market growth, productivity and competitiveness," said Stephen Lund, president and CEO of NSBI. "Lewis Mouldings is a great example of a Nova Scotia company finding opportunity in the global market and taking action to stay ahead of the curve."
Nova Scotia Business Inc. is Nova Scotia's private-sector-led business development agency. NSBI helps Nova Scotia companies meet their growth potential through advisory services, trade development, financing and venture capital. NSBI attracts leading companies and foreign direct investment to the province, fuelling job creation and economic growth.