Company Turns The Corner, Grows And Recycles
McGuinty Government Helps Create 56 New Jobs In Newmarket
Ontario is helping a company that makes packaging out of recycled material to add 56 new jobs and protect nine existing jobs in Newmarket.
Pulp Moulded Products adds water to recycled paper and cardboard to create a wide range of environmentally friendly packaging products used to ship furniture, glass bottles and electronics, and a line of medical products.
The company is developing new machinery that will expand its range of packaging products, while reducing energy and water use and improving quality control. These enhancements will help Pulp Moulded Products gain new customers and grow its business.
Partnering with local business is a key component of the plan laid out on Ontario's 2011 Budget - Turning the Corner - to create and support 10,000 new and existing jobs for Ontario families and strengthen local economies.
- Pulp Moulded Products is investing $14.2 million in the project, including a $3 million loan from the province.
- Pulp Moulded's products are made from 100 per cent recycled products and are fully compostable and biodegradable.
- So far, Ontario has recovered 93 per cent of the jobs lost in the recession.
- As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.
“As Ontario continues to turn the corner, investments like this demonstrate the green economy in action. Pulp Moulded Products is using the latest technology to turn recycled material into high-quality packaging products. That's good news for our economy and good news for the environment.”
“We've always said that pulp moulded packaging is the greenest packaging solution on the planet. This funding will help our company offer even more options and flexibility for our customers.”