Premier Tech Opens Peat Plant In Rexton, New Brunswick, Canada
09/18/2013
The expansion and modernization of the plant follows the signing of a financial partnership agreement with Invest New Brunswick, for up to $1 million and of a refundable loan, of up to $1.5 million, from the federal government, through the Atlantic Canada Opportunities Agency.
In addition to reaffirming the manufacturing presence of its Business Unit Premier Tech Horticulture in New Brunswick, the 90-year old firm said opening of this installation will lead to the creation of 33 new jobs.
This project is the result of a joint effort from Premier Tech's teams in its equipment and horticulture sectors. Representing a total investment of close to $5 million, the expansion will allow the deployment of manufacturing and commercial strategies, while increasing Premier Tech Horticulture's sphagnum peat moss reserves in Eastern Canada.
Company officials said “driven by a conscience to preserve the environment, Premier Tech Horticulture is an active player in the Canadian and international movement towards responsible management of peatlands. The company operates 10 plants and 20 peat moss harvesting sites in Canada.”
Project Announcements
AESC Expands Florence, South Carolina, Operations
03/28/2024
Alticor Expands Ada Township, Michigan, Operations
03/27/2024
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023