MONTREAL - Rogers Sugar Inc. has announced plans to spend $200 million to grow its production capacity at its plant in Montreal to help meet increased demand in Eastern Canada. The company said the plan will increase production capacity at the plant by a
The Canadian PressMONTREAL – Rogers Sugar Inc. has announced plans to spend $200 million to grow its production capacity at its plant in Montreal to help meet increased demand in Eastern Canada.
The project includes an expansion of refining capacity with new sugar refining equipment and construction of a new bulk rail loading section in Montreal.Rogers Sugar said the increased production and logistics capacity is expected to be in service in about two years. “This project is good for our customers, our shareholders and our communities, as we add production to serve rising demand, invest in Canadian manufacturing and create jobs,” Rogers Sugar chief executive Mike Walton said in a statement.
The announcement came as Rogers Sugar reported a third-quarter profit of $14.2 million or 12 cents per diluted share, up from $3.1 million or three cents per diluted share in the same quarter last year.
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