Ontario Government Investing $3 Million in PepsiCo Foods Canada Plant
Province Supporting Agri-Food Innovation in Rural Ontario
The Ontario government is investing $3 million in PepsiCo Foods Canada's Cambridge manufacturing plant, joining the company which is also making a significant investment in a project to modernize the plant, increase productivity and protect good jobs in the agri-food sector.
Premier Kathleen Wynne announced the funding today in Cambridge. The plant, which manufactures Frito-Lay products, employs more than 550 people. The investment, provided through the Rural Economic Development program, is expected to secure these jobs. The investment will be used by the PepsiCo Foods Canada plant in Cambridge to:
- Modernize the food processing facility to meet world-class food safety standards in seasoning and delivery and improve product quality
- Modify the plant in preparation for the future installation of a high-speed packaging system that will deliver more efficiencies and growth
- Improve the Cambridge plant's competitiveness in the Frito-Lay North America manufacturing network.
PepsiCo Foods Canada has operated the plant in Cambridge for over 50 years, and supports the local economy through employment; procurement of local raw materials (primarily potatoes from Alliston and Leamington); packaging and contract manufacturing; and spending on utilities, fuel, common carriers and other goods and services.
Supporting the agri-food sector in Ontario is part of the government's four-part plan to build Ontario up by investing in people's talents and skills, making the largest investment in public infrastructure in the province's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
- In 2013, Premier Kathleen Wynne challenged the agri-food sector to double its annual growth rate and create 120,000 new jobs by 2020.
- With $14.5 million in annual funding, the Rural Economic Development program helps rural communities and regions grow their economic base, attract investment and invest in the skills of their residents.
- Since 2003, this program has generated $1.2 billion in economic activity and created over 37,000 jobs across rural Ontario.
“A strong agri-food sector is crucial for ensuring strong and prosperous rural communities across Ontario. By investing in this vital sector today, our government is making sure the agri-food sector plays a key role in Ontario’s economy for years to come.”
“The Rural Economic Development program helps grow local economies, create jobs and attract long-term investment. With this support, agri-food processors in rural communities will in turn contribute more to the provincial economy.”
“Modernizing our Cambridge plant will improve our already world-class product quality and safety standards, drive operating efficiency and ensure we are well positioned for future growth at the site. We are proud members of the Cambridge community and we are appreciative of the government support as we look ahead to the future of PepsiCo Foods Canada.”