July 22, 2005
LAMÈQUE (CNB) - An investment of $105,000 will permit Sun Gro Horticulture Canada to expand its operations and create 14 new jobs in Lamèque, Premier Bernard Lord announced today.
"Under Greater Opportunity: New Brunswick's Prosperity Plan, we are encouraging New Brunswick companies to be globally competitive and export-oriented," Lord said.
"This major investment under the Acadian Peninsula Economic Development Fund will promote the economic diversification of the Acadian Peninsula while capitalizing on the use of local resources to encourage economic growth."
Also taking part in the announcement were Transportation Minister Paul Robichaud, Rénald Boudreau of Sun-Gro Horticulture Canada, and other company representatives.
"We would like to thank Premier Lord and the provincial government for their participation in this project," said Zoël Gautreau, technical manager of Sun Gro Horticulture Canada."This project will enable us to add the Metro Mix brand to our existing Sunshine peat-based products. Those products are specifically formulated for both indoor and outdoor uses and are ideal for transplanting fruits, vegetables, herbs, flowers or any other plant."
Funding under the Acadian Peninsula Economic Development Fund (APEDF) will allow Sun-Gro Horticulture Canada to expand its peat value-added plant in Lamèque. The company produces high-quality Canadian sphagnum peat moss, peat-based and bark-based growing mixes for professional and consumer markets.
The expansion project consists of expanding the plant to accommodate the addition of a second furnace, which will increase production of perlite and vermilite, necessary to meet market demands for the company's new line of value-added peat products.
The APEDF supports projects focusing on diversification, infrastructure, research and development, and training and education. The five-year, $25-million economic development fund was established in 1999 by Premier Bernard Lord, and was extended by $3 million in August 2004. An additional $12 million in funding was added in April 2005 to extend the funding over another four-year period, bringing the funding to a total of $40 million over eight years. The APEDF expires Aug. 31, 2007.
MEDIA CONTACT: Chisholm Pothier, Office of the Premier, 506-444-2286.