Friday, June 21, 2019

Saputo gets federal funds

The federal government is giving $1,933,060 to Saputo Dairy Products Canada G.P. for its expansion of the production area and cold storage at its plant at St. Marys.

The company is buying equipment that will increase production capacity and improve efficiency.

It is expected that the project will allow Shepherd Gourmet Dairy Inc. to increase the use of Canadian milk and to create approximately eight new jobs.

This is a huge waste of taxpayers' money because Saputo has been investing heavily to buy companies in Argentina and Australia, not to help the Canadian dairy industry which is its main source of profits.

The government is giving $149,238 to Stonetown Artisan Cheese Ltd. to purchase equipment to increase cutting, processing, storage and ageing capacity. 

Now that's a small-scale local company that could use the help.

The project is expected to increase use of Canadian milk and result in the creation of two full-time and two part-time jobs.