TIGNISH — An expansion at Royal Star Foods Ltd. here has received federal and provincial funding.
It was anounced today that the Government of Canada, through ACOA’s Business Development Program, has provided a repayable investment of $500,000. The P.E.I. government, through the Department of Innovation and Advanced Learning, has invested $800,000 in this project.
Royal Star Foods is expanding its cold storage facility to meet increased consumer demand for new product lines. The company will be able to increase efficiencies and be able to react more promptly to an increase in product demand.
Gail Shea, minister of Fisheries and Oceans and MP for Egmont, says the company’s new capacity comes at a good time and will help the company to take advantage of the Canada-EU Trade Agreement and the significant new markets it will open to world-class seafood products.
Premier Robert Ghiz said Royal Star is one of the largest and most modern seafood processing plants in eastern Canada.
“This project will increase its cold storage capacity for processed lobster and frozen bait and in doing so, strengthen Royal Star’s ability to compete in the world seafood market,” said the premier.
Royal Star Foods Ltd. is an innovative processor of Atlantic lobsters in various forms for both retail and food service. The company’s brand, Star of the Sea, is a well known.
“We are pleased to receive federal and provincial support as we move forward with this expansion project,” said Francis Morrissey, general manager, Royal Star Foods Ltd.
“Our company is always looking to grow and expand, and increasing our cold storage capacity will help us meet immediate demands for our superior quality products.”