Two dairy processors benefit from Dairy Processing Investment Fund
Food in CanadaFood In Canada Business Operations Dairy dairy Dairy Processing Investment Fund investment
Member of Parliament for London North Centre, Peter Fragiskatos, announced on behalf of the Honorable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, an investment of over $2 million under the Dairy Processing Investment Fund for two dairy processors in St. Marys, Ont.
The investment of $1,933,060 for Saputo Dairy Products Canada will help to expand their production area and add new cold storage capacity. The project consists of the purchase and installation of equipment in order to increase production capacity while improving overall efficiency. It is expected that the project will allow Shepherd Gourmet Dairy Inc. to increase the use of Canadian milk and to create approximately eight new jobs.
For Stonetown Artisan Cheese Ltd., the investment of $149,238 will allow them to purchase and install new equipment to increase cutting, processing, storage and ageing capacity. This will allow them to expand their operations and broaden their product offerings. The project is expected to increase the use of Canadian milk and result in the creation of two new full-time and two new part-time jobs.
Canada’s dairy sector is also supported by the associated Dairy Farm Investment Program. To date, 1,900 dairy projects have been approved for funding support valued at $129 million, in a variety of projects from small investments in cow comfort equipment to large ones for automated milking systems.
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