News
For Immediate Release
Richmond Hill
04/08/2011
Innovating Food Processing in Richmond Hil: McGuinty Government Helps Manufacturer Turn The Corner And Create 60 New Jobs
NEWS
Ontario is helping a Richmond Hill food processor create 60 good, highly-skilled jobs and support 10 existing positions.
Protenergy Natural Foods Corporation supplies leading retailers and branded manufacturers around the world with soups, broths and sauces. By investing in new processing and packaging technologies, the company will increase its manufacturing capacity, lower production costs, and enhance its ability to introduce new product lines.
The company’s automated, state-of-the-art facility specializes in environmentally-friendly packaging. The project will enable the company to produce chunked-style soups in re-closable cartons, the first of its kind in Canada and the second in North America.
Partnering with local business is a key component of the Open Ontario plan and of 2011 Ontario Budget - Turning the Corner, to create and support 10,000 new and existing jobs for Ontario families and strengthen our local economies.
QUOTES
“Supporting business growth and development through the use of innovative and green technologies is a priority for this government. Partnering with companies like Protenergy allows us to achieve that goal and helps Ontario’s economy in turning the corner.”
– Sandra Pupatello, Minister of Economic Development and Trade
“Many companies in the Richmond Hill area use innovation to grow their businesses into successful enterprises. Protenergy is a prime example, staying ahead of the competition to build its leadership position across North America.”
— Reza Moridi, MPP for Richmond Hill
“Protenergy Natural Foods Corporation’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.”
— Kevin Tracey, President, Protenergy Natural Foods Corporation
QUICK FACTS
- Protenergy is investing $22.2-million in this project, supported by a $6.67-million loan from the province.
- Food and beverage processing is the second largest manufacturing sector in Ontario after the automotive industry and is home to 210,000 direct and indirect jobs.
- So far, Ontario has recovered 93 per cent of jobs lost during the recession.
- As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging to new business growth.
LEARN MORE
- See how Ontario's Budget 2011 is supporting job creation and helping the province's economy to turn the corner.
- Check out Government of Ontario programs and services for business.
For more information:
Tim Weber
Minister's Office
416-325-4520
Eric Shapiro
Communications Branch
416-325-6698
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