Nutrinor receives funds to expand its Alma dairy processing plant, Canada
Nutrinor Cooperative is set to expand its Alma dairy processing plant in Saguenay–Lac-Saint-Jean, Quebec, Canada.
Established in 1949, Nutrinor is one the five largest food cooperatives in Quebec, with 965 active farmer members.
With financial assistance of C$1m ($820,100), Nutrinor is also planning to install a new production line for the development of new products.
By producing novel products, Nutrinor intends to diversify its dairy processing activities to provide niche products and improve its position in the marketplace.
The assistance provided to the company is part of the government’s commitment to support innovative Canadian businesses.
Canadian electoral district Chicoutimi–Le Fjord Member of Parliament Denis Lemieux said: "The Government of Canada is determined to help Canadian businesses expand by making investments that support their productivity and help them diversify their activities.
“I am very pleased to announce our support for Nutrinor, which can now continue to grow."
The funding, which has been granted by the Canadian government under Canada Economic Development (CED) for Quebec Regions, is in the form of a repayable contribution through CED's Quebec Economic Development Programme.
CED promotes the long-term economic development of the regions of Quebec by providing assistance to the regions, where the economic growth is slow or opportunities for productive employment are inadequate.