Winpak Investing $20M in Winnipeg, Manitoba, Expansion
In the first phase of the company's expansion, Winpak will expand in Winnipeg and embark on the Chicago project. In Winnipeg, the company will add a production line to package foods.
Next year, the company will build an 80,000-square-foot addition to its 500,000-square-foot facility in St. James, a district in Wininpeg.
Winpak Vice President and CFO Ken Kuchma said the company has $90.5 million in cash, $38 million in unused credit lines, and no debt.
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