Richmond, BC – Canada’s steel and aluminum sector is an important contributor to the economy and to manufacturing supply chains, providing thousands of Canadians with good middle-class jobs across the country.
That is why the Government of Canada is delivering on the Steel and Aluminum Initiative, announced in March 2019, which will help businesses heavily dependent on steel and/or aluminum to grow and modernize.
On August 7th, Joe Peschisolido, Member of Parliament for Steveston – Richmond East, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada (WD), announced $1.9 million in funding for two Lower Mainland companies in the steel and aluminum sector.
With $1 million in funding, Tree Island Industries, a well-established steel wire manufacturer, will purchase equipment that uses drawn and galvanized wire to produce innovative, high-demand livestock fencing. This investment will help the company respond to market opportunities and create new jobs for local residents.
Another $900,000 will help FPS Food Process Solutions, a global leader in turn-key food freezing and cooling equipment, to further develop more efficient freezer technology. The funding will support the company to grow their customer base, offer new training opportunities to employees and produce more energy efficient freezing equipment.
Quotes –
“Our government supports the hard-working steel and aluminum workers and companies that are important to regional economies across Canada. Our investments to support small- and medium-sized producers and users of steel and aluminum will help these businesses innovate to drive productivity, scale up, and expand into new markets to create good middle-class jobs.”
“The small and medium-sized businesses in our steel and aluminum industries are important contributors to the economic vitality of communities across the country. They are the backbone of our economy, and by investing in their success, we are investing in the success of all Canadians.”
“Canadian steel and aluminum companies, including those here in Richmond, are driving our economy and providing jobs for the people in communities across the country. This initiative is ensuring that residents of Richmond and the surrounding areas can continue to live in this beautiful place and have jobs that provide economic security.”
“Tree Island Industries is very grateful to receive funding from Western Economic Diversification Canada to invest in state of the art equipment, helping drive our market expansion and sustainable growth with new and innovative products.”
“At FPS, our purpose is to revolutionize sanitary standards in the food processing industry and ensure the cleanest and safest global food production for all consumers. We have achieved phenomenal growth since inception, in less than 10 years, due to our serious commitment and focus on hygiene as the foundation to our product design. Funding from the Steel and Aluminum Initiative propels our innovation and development in more efficient equipment, in hopes to keep pushing the industry forward.”
For the original news release, please visit the news release page of Western Economic Diversification Canada.
ABOUT FPS Food Process Solutions:
Who We Are
FPS Food Process Solutions is based in Richmond, BC, Canada about 5 miles away from Vancouver. We maintain sheet metal fabrication, a machine shop, specialized insulated enclosure manufacturing and control panel assembly in-house so each component is specifically designed for freezing and cooling applications. We believe that investing on in-house manufacturing ensures our customers receive the highest quality and best technologies in their freezing and cooling equipment.
FPS has a combined 28,000 sq. meters (304,500 sq. ft) of space, including our headquarters, 5 manufacturing facilities, international sales offices and a US based parts & service centre.
Our Vision is to Revolutionize Hygienic Standards
We use the most leading-edge technology and innovation to move our industry forward. Our focus on hygiene is the foundation for safe food production. Our purpose is to revolutionize the food processing industry, and ensure the safest and cleanest global food production for all.
Our Mission is to Set a New Standard
We invest in our people and partners. We believe the best results come from strong collaborations. We aim to raise the bar in our field by providing close client relationships, offer outstanding levels of service, and implement global hygienic standards. We believe that together, we will set a new standard.
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For more information contact:
Justin Lai, Co-founer & Vice President
FPS Food Process Solutions Corp.
Canada
+1-604-232-4145