Jefo receives $1.8m to boost production capacity

Interest-free loan from government of Canada to be invested in building production capacity and new poultry research facility.

April 15, 2019

1 Min Read
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Jefo, through its subsidiary Jefagro Technologies Inc., announced April 12 that it has received $1.8 million in financial support from Canada Economic Development for Quebec Regions (CED).

The agreement was announced at Jefo's campus in Saint-Hyacinthe, Que., during a press conference held by Diane Lebouthillier, member of Parliament for Gaspésie — Les Îlesde-la-Madeleine and Canada's minister of national revenue, and Saint-Hyacinthe mayor Claude Corbeil.

The funds were invested to increase Jefo’s current production capacity and to build a new poultry research facility in the near future, the company said. So far, this initiative has helped create 25 new jobs in the Saint-Hyacinthe region.

“In order to continue its growth, Jefo must ensure its competitiveness in relation to its main competitors. This financial support granted by CED allows us to improve our productivity and accelerate our investments,” Jean Fontaine, president and founder of the Jefo group, said.

Jefo noted that it is planning other initiatives as well, such as the construction of a 200,000 sq. ft. production plant, at an estimated cost of $30 million, that the company announced in January.

Founded in 1982, the family-owned company employs more than 320 people globally.

Related:Jefo to invest $30m in new production plant

Source: Jefo, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.

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