Province to fund Abbotsford business nearly $200,000 to create 27 more jobs

ABBOTSFORD/SURREY – The province says it will pour hundreds of thousands of dollars into two manufacturing companies in Abbotsford and Surrey to help grow their operations and create more than 35 new jobs.

In a statement, the B.C. government says it will invest nearly $600,000 to support Binquip MFG Solutions Ltd. in Abbotsford and Restwell Mattress Company Ltd. in Surrey to expand their operations and sell more B.C.-made goods and hire more people with funding through the Look West strategy.

The government says the funding will help the companies diversify their products, operate more efficiently and remain competitive locally, while reaching new customers in growing markets. These investments enable local companies to grow, reach new markets and customers and hire more people in the Fraser Valley.

The province says Binquip MFG Solutions produces solid steel containers and bins for the waste and recycling industry. It will be receiving almost $200,000 to buy equipment that will help it diversify its product lines and create an additional 27 full-time jobs in its community.

Binquip was established by the owners of Daequip Premium Attachments Ltd. to bring solid steel container and bin manufacturing under a new, integrated operation.

“Thank you to the manufacturing jobs fund for providing some necessary funding that has helped us with the purchase of several new pieces of equipment,” said Ed Lingel, CEO, Daequip Premium Attachments. “The added equipment has helped our company grow and create 27 new jobs locally here in Abbotsford, directly supporting the B.C. manufacturing industry. We look forward to future growth and sustainable business opportunities.”

Restwell Mattress is receiving $400,000 to buy advanced manufacturing equipment, including machinery that will enable the company to compress, fold and roll thicker mattresses. The new equipment will also provide improved quality and workmanship, while reducing strenuous physical tasks on certain production stations. This will allow it to expand sales of its bed-in-a-box products and, in time, hire 10 additional employees.

The province’s Look West plan outlines B.C.’s vision to deliver jobs and opportunities for people by strengthening the workforce to develop a more independent and resilient economy. More specifically, this consists of delivering major projects quicker, diversifying markets and growing targeted sectors, such as technology, aerospace, marine, AI and quantum, life sciences, agriculture and construction innovation.