Six agri-food businesses in Kings, Hants counties, N.S., to expand, automate with federal loans

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COLDBROOK, N.S. — New equipment will enable Scotian Gold Co-operative Limited to be more efficient as it looks to continue to increase the volume of apples it can send to market.

Parrish said there was no job losses with the innovation and there likely will be a position added to deal with the increased volume in the future. Gudie Hutchings, Canada’s Rural Economic Development minister and the minister responsible for the Atlantic Canada Opportunities Agency , said the investments are needed so companies can compete on the worldwide market.

Blois, who chairs the House of Commons standing committee on Agriculture and Agri-Food, said the funding is non-interest bearing and no security is required to be attached. With interest rates rising during the past couple of years, the federal support was key for the projects. To purchase automated processing equipment. This is part of a multi-phased expansion designed to increase the production capacity and efficiency of processing boneless chicken breasts. Product quality and yield will also be increased through reductions in waste and trimming.

Source: Loan News Today (loannewstoday.net)

 

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