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http://www.newswire.ca/news-releases/dollarama-invests-in-new-warehouse-in-montreal-and-revises-capex-guidance-for-fiscal-2017-567425461.html MONTRÉAL, Feb. 2, 2016 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") announced today that its Board of Directors approved an investment of approximately $60 million in the construction of a new warehouse in Montreal, Quebec. The new 500,000 square-foot warehouse will be located in the Lachine borough near the intersection of highways 13 and 520, in close proximity to Dollarama's existing, centralized warehousing and distribution operations. The new facility will increase Dollarama's total warehousing capacity by approximately 40% on a square footage basis, thereby accommodating capacity requirements as the Corporation continues to expand its store network.
GE Hydro to close Montreal plant in 2008, affecting 450 workers 1 hour ago MONTREAL - The GE Hydro plant in the Montreal suburb of Lachine will close next June, eliminating 450 jobs. The subsidiary of American giant General Electric has made more than half of the Hydro-Quebec turbines installed at the James Bay dams. The plant's activities will end with the completion of these contracts, employees were told. The company said it is restructuring its activities, adding that its hydroelectric division has been losing money. The laid-off workers are mostly welders, machinists and warehouse workers. The closure of the 89-year-old facility is another blow to Montreal's manufacturing sector, which has been struck hard by the appreciation of the Canadian dollar and growing competition from emerging countries, particularly China. At its peak production in the 1970s, GE Hydro employed more than 3,500 workers
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