Kruger Products Expands Trenton, Ontario, Manufacturing Plant
09/01/2016
"We are excited about growing our Trenton plant and expanding our export opportunities. This project will significantly bolster our production capabilities and set us up for years of growth to come,” said Mario Gosselin, CEO, Kruger Products."
As an incentive, Kruger Products will receive a loan of up to $10 million through Ontario's Jobs and Prosperity Fund. The loan will help the company expand its commercial division and boost its market share in the United States. Kruger Products will install state-of-the-art equipment and set up eight new production lines. The project has a total value of up to $52 million and is expected to be completed by the end of 2019.
Ontario’s business support is contingent on the company meeting stringent investment and job targets. Projects are closely monitored over their lifespan to protect taxpayers’ investment and include multiple claw-back provisions if targets are not met.
“Strategically partnering with businesses is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education,” according to the Ontario Ministry of Economic Development and Growth.
“ The plan is making the largest infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement,” officials said.
"I am thrilled Kruger Products is expanding its operations, strengthening its exports and creating so many new jobs for people in the Trenton area. We are committed to strategically partnering with companies like Kruger because they are growing our economy and providing good jobs that people can count on,” said Brad Duguid, Minister of Economic Development and Growth.
"These jobs will be a significant boost to Trenton. Investments like this and those made through the Eastern Ontario Development Fund have been crucial to growing and sustaining the economy in our area, and I am very pleased that the government has made investing here a priority,” said Lou Rinaldi, MPP for Northumberland-Quinte West.
We recognize the confidence Kruger Products has shown in the Bay of Quinte Region’s advanced manufacturing cluster through this significant investment, and we appreciate the Province of Ontario’s investment in this project that will bring new technology, advanced equipment and good quality manufacturing jobs to our community,” said Chris King, CEO of Quinte Economic Development Commission.
Project Announcements
Tacombi Establishes Brooklyn, New York, Food Manufacturing Plant
02/06/2023
Integra Technologies Plans Wichita, Kansas, Semiconductor Plant
02/03/2023
Water Solutions Unlimited Plans Leitchfield, Kentucky, Manufacturing Plant
02/03/2023
White Drive Motors & Steering Expands Hopkinsville, Kentucky, Operations
02/03/2023
Kroger Establishes Miami, Florida, Spoke Facility
02/02/2023
South Korea-Based Seoyon E-HWA Plans Chatham County, Georgia, Manufacturing Plant
02/02/2023
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Three Big Challenges Facing the Food & Beverage Industry
Q4 2022
-
Fixing the Supply Chain with AI and Robotics
Q4 2022
-
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns
Q1 2022