1.8M invested in Dairy Processing Investment Fund
February 14, 2019 By Bakers Journal
The dairy processing sector plays an important role in Canada’s economy, producing dairy products for Canadians across the country.
In 2018, the sector employed over 23,000 Canadians and accounted for over $14 billion in manufactured shipments of milk and dairy products.
The Government of Canada knows the importance of ensuring the sector remains productive and competitive, and able to respond to new opportunities.
While visiting the Smucker’s Foods of Canada Corp. factory in Sherbrooke, Minister of International Development Marie-Claude Bibeau, on behalf of the Minister of Agriculture and Agri-Food Lawrence MacAulay, announced an investment of up to CA$1.8 million under the Dairy Processing Investment Fund. The funding will allow Smucker’s Foods to invest in upgrades to equipment which will enable them to introduce production of heavy cream, and process new formats of evaporated and condensed-sweetened milk.
This funding is part of a broader $11.7 million investment by Smucker’s Foods to expand the plant, and introduce new, high-performance equipment and production systems.
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