Davie: a catalyst for economic growth within the province of Québec and Canada

November 7, 2016

Monday, November 7th, 2016 – Lévis, Québec: Davie Shipbuilding – Canada’s largest and highest capacity shipbuilder – today released key economic data on its contribution to the provincial and Canadian economy.

In the context of recent major shipbuilding programs, Davie Shipbuilding commissioned Toronto-based supply chain experts, OMX, to assess the impact the company has on the local economy as well as assist it in reaching more local and Canadian suppliers.

Jared Newcombe, CEO of Davie commented “These statistics reflect what we see on a daily basis. That Davie’s sphere of influence within the economy of Québec and in the Québec City region in particular is profound. It is not just about what happens here in Levis but rather how 814 companies in Québec benefit from our contracts and in many instances, rely on them.”

Nicole Verkindt from the OMX added “At the OMX we study the impact that large contracts and large businesses can have on the Canadian economy and assist companies like Davie connect even more with local and Canadian suppliers. The effects these kind of businesses have on the local economy are far-reaching. Whether it is house prices or the number of hairdressers or car sales in the area, the benefits are huge and this is clear from the statistics.”

Davie released the following key statistics:

• Over the past three years Davie has had a $2.03bn economic impact on the Canadian economy.
• Davie contracts with 990 Canadian suppliers of which 814 are in the province of Québec.
• Davie directly and indirectly employs 3,004 people in Canada, the majority of which are in Québec.
• Davie’s average salary is higher than the regional average at $69,479 and the majority of its workforce are family ‘breadwinners’.
• During 2016, Davie will pay $92.4m in salaries to its direct employees at the shipyard.
• 32% of the direct workforce is under 40 years of age
• 141 of direct employees are on apprenticeship programs
• Since 2012, Davie has contributed $80.7m in taxes to the Canadian and provincial economies

Note: OMX followed its analytics methodology with source data provided by Davie

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NOTE TO EDITORS:

Chantier Davie Canada Inc. – voted North American Shipyard of the Year (2015) by Lloyds List.

Davie is Canada’s award-winning, largest and highest capacity shipyard and industrial fabricator. Davie provides a broad range of products and services to industries from offshore oil & gas to defence. Newly certified to ISO 9001:2015, Davie leverages its high capacity fabrication facilities with its advanced project management and engineering capability to manage end-to-end construction projects and provide best-practice through life solutions to its corporate and governmental clients. Having signed a 5-year agreement with their union in the summer 2016, Davie offers its current and future clients a qualified and motivated workforce.

OMX

OMX is a collaborative platform for accessing procurement opportunities and analyzing the economic impact of organizations and programs in the defence, aerospace, shipbuilding, energy and infrastructure industries, and in other complex global supply chains. The platform generates big data analytics on industrial bases and has developed an economic impact analytics methodology and unique multipliers in partnership with Statistics Canada. The company is a 100% Canadian emerging technology business based in Toronto, ON, Canada.