EDMONTON — Siwin Foods Ltd. has received more than $1.8 million in provincial tax credits following a major expansion of its food processing operations in Edmonton.
The Alberta government says the funding was provided through the Agri-Processing Investment Tax Credit, which is designed to encourage large-scale investment in the agri-food sector.
Officials say the expansion involved more than $46 million in investment and created more than 100 jobs.
The project included upgrades to Siwin’s existing facility, which produces items such as dumplings, potstickers and sausages, along with the construction of a new facility for products including mini wontons and ginger beef.
The company says the expansion has significantly increased production capacity, with output rising from about 20,000 dumplings per hour when Canadian operations began in 2005 to roughly 150,000 per hour.
Products from the facility are distributed across North America and exported to Japan.
Agriculture and Irrigation Minister RJ Sigurdson said the investment reflects Alberta’s appeal as a destination for agri-processing businesses.
“This investment by Siwin Foods is exactly what the Agri-Processing Investment Tax Credit is designed to support — companies choosing Alberta to grow, create jobs, and expand their reach into new markets,” Sigurdson said in a statement.
Gord DeJong, vice-president of Siwin Foods, said the tax credit helped support the company’s decision to expand in Edmonton.
“The Alberta Agri-Processing Tax Credit provided Siwin Foods with the confidence to expand here in Edmonton, increasing our processing capacity by 100 per cent and adding more than 100 new positions,” DeJong said.
The tax credit program offers a 12 per cent incentive to companies that invest at least $10 million in building or expanding value-added agri-processing facilities in the province.
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