Canada invests in modernization for Ontario Frito-Lay plant
Is your government supporting the growth of your business? When your business is as large and creates as many jobs as Frito-Lay, federal support toward your growth can make sense. This month, Canada’s Ontario government is supporting jobs, economic stability, and future growth by investing $3 million toward modernization of Frito-Lay’s Ontario production facility.
RELATED CONTENT: Toronto: the new global hub for the food and beverage sector?
According to BakeryandSnacks.com, the Ontario government has invested in the PepsiCo subsidiary as a part of its Rural Economic Development (RED) program. Mandated by the Ontario’s Ministry of Agriculture, Food and Rural Affairs, this program has overall aims to create 120,000 jobs by 2020 and double growth within Ontario’s agri-food sector. “Working together with businesses and municipalities,” reads the program’s mission statement, “the RED program helps to build a strong, prosperous Ontario that includes vibrant, economically diverse rural communities.”
RELATED CONTENT: REPORT: PepsiCo Reveals Revenue Growth and Strong Snack Sales in Q2
Frito-Lay’s production plant in Cambridge, Ontario has long been important part of the region’s economy—the plant currently provides more than 550 jobs, and has for more than 50 years. But that half-century of business has also taken its toll on the facility.
RELATED CONTENT: Pizza Pizza donates $250,000 toward new Toronto Zoo Wildlife Health Centre
Frito-Lay will also be investing significantly in the facility, but the investment allotted by the RED program will provide critical help. Together these investments will allow Frito-Lay to make upgrades throughout the facility, improving food safety as well as worker safety. It’s reported that the investment also sets the stage for a new high-speed packaging system, which will help the facility boost its output and improve productivity even further. It’s not just an investment in private business, but an investment in the future of an Ontario community.
[SOURCE: Bakery and Snacks]
