After an initial announcement this time last year, Rogers Sugar is rebounding in hopes this time will be the right one, adding 40 million to it due to inflation.
Its subsidiary Sucre Lantic will increase the production capacity of its Montreal refinery by approximately 20%, or 100,000 tonnes. The total investment for this project is estimated at approximately $200 million, which will be used to acquire refining equipment and invest in logistics and rail infrastructure in Montreal and Toronto.
The Government of Quebec advances a maximum of 65 million in the form of loans.
A press conference is scheduled for Monday morning at the factory on rue Notre-Dame Est, in Montreal.
“This project is welcome news as we ramp up our production to meet growing demand, while investing in Canadian manufacturing and creating jobs,” said Mike Walton, President and CEO of Rogers. Sugar and Lantic, in a press release.
“Our production volumes are steadily increasing,” he continued. These investments will allow us to meet future demand growth, support the food processing industry nationwide and improve the efficiency of our operations. ยป
The raw sugar comes mainly from Brazil and is unloaded at the port of Montreal to be then refined in the factory of the metropolis on the edge of the river.
Rogers sells its products under the Lantic and Rogers brands. They include granulated sugar, icing sugar, sugar cubes, golden brown sugar and brown sugar, liquid sugar as well as specialty syrups. Its Maple Treat Corporation subsidiary produces maple syrup with three bottling plants in Quebec.
A year ago, Rogers Sugar was talking about an investment of 160 million for its Montreal plant. He was then aiming for an increase in production capacity identical to that announced today, i.e. 100,000 tonnes. The government loan was identical at 65 million.
