More and more internationally renowned businesses are choosing to set up operations in Québec. Every year, foreign companies make major investments here. Here are just a few of them.
Green Mountain Coffee Roasters (U.S.) invested $54 million to upgrade its Montréal plant and market new products.
In response to the growing popularity of ready-to-drink products, Diageo (U.K.) has announced a $6.4-million investment in its Valleyfield plant, to add a new can-filling line. Among other brands, the company is known for Smirnoff vodka and Captain Morgan rum.
The plant operated by Barry Callebaut (Switzerland) in Saint-Hyacinthe is now North America’s largest chocolate manufacturing plant. The company injected $14 million in the facility in 2014, enabling it to produce an extra 30,000 tonnes of chocolate every year.
Danone (France) invested $40 million in its plant in Boucherville, a Montréal suburb, to boost yogurt production and consolidate its position as a market leader.
Bonduelle Canada (France) injected $13.2 million to expand its facility in Saint-Denis-sur-Richelieu on Montréal’s South Shore and develop new products.
Investing beyond our borders
Québec’s food-processing companies are consolidating their positions on global markets. In 2014, Industries Lassonde, for instance, acquired Apple & Eve, a leader in national-brand fruit juices in the United States. For its part, Leclerc Group has purchased a third U.S. plant to produce snack bars, while Saputo has acquired new facilities in Australia, Oceania and Asia. Investments like these speak volumes about the vibrancy of Québec’s agri-food industry!
There are over 2,200 food processing businesses in Québec, representing a wide range of sectors.
Québec participates in a number of commercial agreements that open many doors to international trade. Under NAFTA, for instance, Québec enjoys guaranteed access to the U.S. and Mexican markets.