Investment will help install additional cold storage capacity and adapt facility to meet COVID-19 related processing.
Huddle reports that the Canadian Minister of Intergovernmental Affairs Dominic Leblanc has announced almost CAD 10.1 million (EUR 6.8 million) for 22 seafood initiatives throughout southern New Brunswick.
“Our government recognizes that fish and seafood processing businesses are crucial to coastal communities and are drivers of job creation and economic growth in southern New Brunswick,” said LeBlanc.
“These investments will help the sector adapt to the new realities of COVID-19, bounce back from the pandemic and play a leading role in our economic recovery,” he said.
Cooke Aquaculture will get CAD 3.6 million (EUR 2.4 million) in total. A repayable CAD 2.6 million (EUR 1.7 million) to install additional cold storage capacity at the company’s New Brunswick-based fish processing facility to mitigate the impacts of COVID-19.
The project will take place in conjunction with augmenting the processing lines, shipping and receiving areas as well as investments in value-added processing technology to respond to new retail demand.
A further non-repayable CAD 1 million (EUR 0.6 million) will enable Cooke to adapt its New Brunswick-based processing facility to meet COVID-19 related processing, shipping and receiving requirements.