Nov. 18, 2009
SHIPPAGAN (CNB) - The provincial government is investing $500,000 in an expansion at Jiffy Products (N.B.) Ltd., in Shippagan, creating up to 100 jobs. Premier Shawn Graham made the announcement today.
Graham was joined by Business New Brunswick Minister Victor Boudreau, who is also minister responsible for the Regional Development Corporation, and Daniel Schrodt, president of Jiffy Products of the Americas.
"Our government will seize every opportunity to create jobs, and this strategic investment in Jiffy Products (N.B.) Ltd. is a perfect example," said Graham. "Creating a low-cost environment is key to growing our economy toward self-sufficiency. In addition to our plan for lower taxes, which has helped attract this international firm to the Acadian Peninsula, our proposed energy agreement would save Jiffy Products (N.B.) Ltd. about 20 per cent on its energy bills, allowing it to create even more jobs in this region."
Jiffy Products (N.B.) Ltd. operates a manufacturing facility and creates peat pots and pellets as well as other peat moss products used in horticulture, silviculture and home gardening. Its facility in Shippagan has experienced substantial growth over the past five years due to the development of a new bio-degradable shrink wrap that has nearly doubled its sales and staff.
"With a staff of more than 300 people, this company is already one of our province's most important employers," said Boudreau. "Jiffy Products (N.B.) Ltd. is a growing company with a strong management team. Our government is pleased to help the company hire another 100 New Brunswickers and increase its capacity to offer high-end New Brunswick products to diverse markets."
Funding under the province's $50-million Northern Economic Development Fund will help the company finance a $3-million expansion that will include additional equipment such as a new pot-making machine, new screens and moulds.
"This vote of confidence from the New Brunswick government indicates its commitment to supporting local businesses and hiring local employees," said Schrodt. "This funding is the final component in a significant project to expand our facility and purchase modern equipment. This is a competitive industry, but government support means we can complete our expansion project and continue to compete internationally."
MEDIA CONTACTS: Ashley Bursey, communications, Business New Brunswick, 506-461-0942, firstname.lastname@example.org; Bruce Macfarlane, Regional Development Corporation, 506-444-4606; Zoel Gautreau, executive vice-president, Jiffy Products (N.B.) Ltd., 506-336-2284, email@example.com.