FedDev Ontario invests $5M in EcoPoly packaging company
By Food in Canada StaffPackaging Sustainability EcoPoly Properties Editor pick FedDev Ontario Federal Economic Development Agency for Southern Ontario Ontario
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) invests $5 million in EcoPoly Properties (EcoPoly), Orillia, Ont., to scale its Canadian-made, recyclable and biodegradable plastic products for the agricultural and food services sector, and create 54 rural skilled-jobs.
Known for its in-house plastics and paper recycling system that produces 100 per cent recyclable plastic films, EcoPoly has received increased demand for its products from clients globally. FedDev Ontario’s investment will help them meet this growth, by adopting new, automated, high-speed manufacturing equipment to increase production, especially of its larger, biodegradable trash liners used by food service and agricultural firms.
“Canadians have been clear – they want to grow their local economy while ensuring a clean environment for future generations. This investment in EcoPoly Solutions will pave the way for Canadian businesses to meet the demand for products that help Canadians reduce plastic waste as we work toward a greener Canada. Our government is pleased to support organizations like this that will create good jobs for rural communities as we move toward new, innovative solutions to fight climate change,” said Filomena Tassi, the Minister responsible for the Federal Economic Development Agency for Southern Ontario.
“We are proud to be a Canadian company that has been innovating and growing since our founding in 1991. The support we have received from FedDev Ontario has been instrumental in the implementation of the next phase of our growth. The timing could not have been better and the entire process with FedDev Ontario has been tremendous from the beginning,” added Derek Rynard, CEO, EcoPoly Solutions.
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