Canadian dairy processor COWS Creamery will receive up to CAD 2.6 million ($1.99 million) in funding from the Canadian government, which will help the company enhance its processing capabilities.
Up to CAD 1.8 million ($1.38 million) will be provided by the Canadian government’s Dairy Processing Investment Fund, and the outstanding CAD 800,000 ($613,000) will be provided by the Atlantic Canada Opportunities Agency (ACOA).
This funding will be used to expand the company’s creamery in Charlottetown, Canada, expanding the company’s processing capacity and allowing COWS to introduce new cheese and butter products.
Chad Heron, vice-president of COWS Inc said: “This funding announced through the Dairy Processing Investment Fund and ACOA is a tremendous opportunity for COWS to capitalise on recent growth and award wins.
“The COWS Creamery location is currently undergoing a 25,000 square foot expansion that will greatly increase freezer, cooler, and dry storage space; modernise and expand the cheese production lines, and add office space.
“This will allow COWS to fulfil larger and more frequent orders with increased efficiency, while also setting a solid foundation for continued growth of new products and customers.”
Lawrence MacAulay, the Canadian government’s minister of Agriculture and Agri-Food said: “Dairy processors are making significant investments in innovation and cutting-edge technology to help improve their efficiency and competitiveness, key ingredients for growth.
“This investment will help COWS deliver more of their award-winning cheeses and dairy products to consumers in Canada and abroad, which will help grow our economy and create well-paying jobs.”
The Canadian government established the Dairy Processing Investment Fund last year in order to support the growth of the dairy industry in the country, and this marks the latest investment through the scheme.
Earlier this year, the Canadian government announced that dairy processor Amalgamated Dairies Ltd (ADL) would receive up to CAD 5.4 million ($4.3 million), and that Quebec-based Fromagerie Bergeron would receive up to CAD 3.9 million ($3 million) through the fund.
Read more about Cowsmo’s visit to COWS Creamery earlier in August Cows Ice Cream: A Family Tradition