The provincial and federal governments announced today that they are making a combined investment of CAD297,775 to help SC&W Solutions Ltd. expand its liquid fertilizer operation to meet increasing demand for its product in export markets.
The liquid fertilizer of SC&W Solutions was originally developed for use in potato cultivation and is now used in several other crops as well.
"A stronger economy is a vital part of our plan for rebuilding New Brunswick," said Premier David Alward. "Investing in innovative job-creators such as SC&W Solutions helps grow communities and create new opportunities."
The provincial government is investing CAD146,400 in the project, which will include the creation of additional manufacturing space;the purchase of mixing and storage tanks;and electrical installations.
"Our government's support of innovative firms such as SW & C Solutions is an investment in the long-term productivity and competitiveness of our industries,"said Tobique-Mactaquac MP Mike Allen. "We are proud to assist SC&W with its expansion – a strategic decision that will help position the company for new growth through increased exports and in the process sustain and create local jobs for the benefit of the entire region."
Allen was appearing on behalf of Bernard Valcourt, minister of state for the Atlantic Canada Opportunities Agency (ACOA) and La Francophonie.
The federal government, through ACOA's Business Development Program, is investing CAD151,375.
"Located in Bairdsville, SC&W Solutions Ltd. is a liquid fertilizer producer that has developed an exclusive technology for its products,"said Eltjo van Cingel, president, SC & W Solutions. "The company started in the Netherlands, testing different formulations nine years ago. The final liquid fertilizer product, ‘Crop Fuel,’ was offered for sale to the farmers in 2008. Since then, sales have expanded into Germany and the Czech Republic."
SC&W Solutions is providing an additional $134,725.
SC&W receives government support: (from left to right) New Brunswick Premier David Alward, SC&W president Eltjo van Cingel, MP Mike Allen and MLA Wes Mclean.
