April 6, 2023 By PrintAction Staff
The federal government grants $5 million to Stanpac to scale up the manufacturing of its new compostable and recyclable packaging solutions and create 30 jobs.
Stanpac, a family-owned company, is the largest manufacturing employer in Smithville, Ont., and an industry leader in paperboard and glass packaging for the dairy and beverage industry.
This $5-million investment, through the Jobs and Growth Fund (JGF) that’s administered by Federal Economic Development Agency for Southern Ontario (FedDev Ontario), supports the purchase of advanced manufacturing equipment to expedite Stanpac’s transition to sustainable packaging. The new machinery produces fully recyclable and compostable products, including a new paper-based bulk ice cream container.
“Ontario’s manufacturing industry is the engine that drives our national economy and our government is investing in the people that make it run. I’m honoured to support Stanpac as they create good local jobs and develop greener packaging products. We will continue working together to deliver more for Canadians and grow an economy that works for everyone,” said Filomena Tassi, the Minister responsible for the Federal Economic Development Agency for Southern Ontario.
“This investment from FedDev Ontario has a significant impact on how Stanpac will be able to take our sustainable packaging innovations to market, not only here at home, but also to the more than 30 countries we export to presently, and beyond those to new markets. In addition, we will create more employment opportunities which in turn drive our continued sustainable packaging advances,” added Matt Witt, co-president, Stanpac.
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