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Economic Action Plan Strengthens Livestock Industry

17 August 2010

CANADA - Canada’s Economic Action Plan is continuing to deliver for farmers and the meat packing and processing sector in Ontario. Member of Parliament Paul Calandra (Oak Ridges - Markham), on behalf of Agriculture Minister Gerry Ritz, announced an investment of up to $2.09 million to help Ryding-Regency Meat Packers Ltd. improve its operations and capture new markets for Canadian farmers.

"Canada’s Economic Action Plan continues to help Ontario livestock farmers, meat packers and processors maintain their competitive edge in the marketplace," said MP Paul Calandra. "This investment will allow Ryding-Regency Meat Packers to upgrade their plant facilities and give local farmers more opportunities to boost their bottom line."

Ryding-Regency is the second largest federally-inspected abattoir in Ontario and processes beef, veal and lamb. The company exports high-quality products to communities across Canada and the north-eastern United States.

The funding will help modernize one of Ontario’s largest meat processing facilities, ensuring that Canada’s agriculture sector remains self-sufficient and less reliant on long-haul shipments for slaughter. The installation of more efficient systems on their production lines and an upgraded computer tracking system will help the plant reduce costs, increase efficiency and be better positioned to capture new niche markets for farmers, locally and around the world.

"On behalf of Ryding-Regency Meat Packers, I would like to express our appreciation for the support and significant investment by Government in our business and industry," said Ryding-Regency president and owner Joe Petronaci. "We are grateful for the opportunity to upgrade our facility through essential innovation and technology deemed necessary to meet the changing requirements of industry in order to remain competitive."

The Government of Canada’s $60-million Slaughter Improvement Program, as part of Canada’s Economic Action Plan, makes repayable contributions available to support sound business plans aimed at reducing costs, increasing revenues and improving operations of red meat packing and processing operations in Canada.

With more than $20 billion in sales, the red meat industry is Canada’s single largest employer in the food industry.

TheCattleSite News Desk



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