Federal government invests in Quebec’s dairy processors
An investment of up to $600,000 made by the Dairy Processor Investment Fund (DPIF) and a repayable contribution of up to $564 000 from the Canada Economic Development for Quebec Regions in support of dairy processor Fromagerie Perron Inc. Nutrinor Coopérative, the parent organization for Fromagerie Perron, will receive up to $293,000 from the Dairy Processor Investment Fund.
The investments will help Fromagerie Perron to purchase and install new equipment including a pasteurizer and a complete refrigeration unit, which will help the company to increase production capacity while improving efficiency. It is expected that the project will allow Fromagerie Perron to increase its annual processing capacity of Canadian milk and create five new jobs.
For Nutrinor Coopérative Ltd., the investment will allow them to purchase and install new automated high-temperature (UHT) equipment to sterilize and render aseptic milk and creams, extending the shelf life of products and reducing production costs. The project is expected to increase the use of Canadian milk and maintain a strong workforce of 300 employees.
DPIF was designed to help the sector increase productivity and competitiveness, and help them prepare for market changes resulting from the Canada – European Union Comprehensive Economic and Trade Agreement (CETA).