Investment helps food processor launch unique product
An Ontario food processor, with the help of the province, is investing in new technology and creating jobs
Richmond Hill, Ont. – An Ontario food manufacturer and the province are working together to create 60 skilled jobs and launch a first-of-its-kind product in Canada.
Protenergy Natural Foods Corporation – which supplies retailers and branded manufacturers around the world with soups, broths and sauces – is investing $22.2 million in new processing and packaging technologies. The province is providing a $6.67 million loan.
Together the almost $30 million will go toward increasing manufacturing capacity, lowering production costs and enhancing the company’s ability to introduce new product lines.
The project will mean the company can produce chunked-style soups in re-closable cartons – the first of its kind in Canada and the second in North America.
“Protenergy’s state-of-the-art manufacturing facility enables customers to receive innovative products of the highest quality and the support by the Ontario government will help us improve our already stringent standards for product safety,” says Kevin Tracey, Protenergy’s president.