CANADA: Dr Oetker to invest in second Ontario pizza plant
The Dr Oetker plant is expected to produce around 50m pizzas per year
German food giant Dr Oetker is to invest in the construction of a second frozen pizza production facility in Canada.
The plant, which will be located in Ontario, is expected to produce around 50m pizzas per year, including the Casa Di Mama, Panebello and Ristorante brands.
FedDev Ontario is contributing $10m for construction and equipment costs while Agriculture and Agri-Food Canada is providing $2m to help in the purchase of food processing equipment to make frozen pizzas.
Barbara Maly, chair of the Ontario Food Cluster, an organisation that builds international trade and investment opportunities for the agri-food sector said: "Dr. Oetker's expansion is the latest example of the Ontario Food Cluster's compelling draw to international food processing firms."
Dr Oetker operates a manufacturing and R&D facility in Mississauga in Ontario. The new plant is expected to open in 2014.
- On the move: What's in store from Tesco's new CEO?
- On the money: Steady as she goes at Cloetta
- Focus: Lindt plays safe with Russell Stover buy
- Interview: Bell hits out at German cartel ruling
- Comment: ConAgra failing to address core issues
- Campbell issues warning on 2014/15 fiscal year
- UPDATE: Premier establishes international unit
- Premier launches Oxo pots range in UK
- Genius secures listings in French supermarkets
- Universal Robina to buy biscuit firm Griffin's