2023-08-14 12:28:46
The production capacity of the Lantic refinery, located in Montreal’s east end, will be increased by around 20%, or some 100,000 tonnes, thanks to an investment of around $200 million announced on Monday.
The project includes assistance in the form of a loan from Investissement Québec in the amount of up to $65 million.
Lantic is a subsidiary of Rogers Sugar, which specifies that this sum includes investments in technology and equipment for sugar refining, as well as in logistics infrastructure at the Montreal refinery and in the Toronto region.
Rogers Sugar reports that the expansion project in Montreal will be carried out in an existing building, which will minimize the impacts of the work on the current production of the plant and on the surrounding community.
Mike Walton, President and CEO of Rogers Sugar and Lantic, explains that the project will meet growing demand, particularly in eastern Canada where the food processing industry is expanding. Lantic currently meets this demand by transporting bulk sugar produced at its Vancouver refinery to its customers in Eastern Canada.
By increasing refining capacity located closer to its customers, Lantic expects to reduce its transportation costs and improve its profit margins.
Rogers Sugar expects the additional production and logistics facilities to be operational in approximately two years. The project also includes the construction of a new bulk rail loading section in Montreal to increase shipments to the Ontario market.
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