Released on August 15, 1997
Agriculture and Food Minister Eric Upshall, on behalf of Economic and
Co-operative Development Minister Janice MacKinnon, also minister
responsible for the Saskatchewan Opportunities Corporation (SOCO),
participated today in the sod-turning for Sinnett Pork Farm Ltd., a
hog production operation at Leroy, Saskatchewan, and announced that
SOCO is making a $250,000 equity investment in the project.
"This investment reflects our government's commitment to the hog
industry," Upshall said. "It's an industry that adds value to our
agricultural products, creates jobs and helps diversify the economy of
rural Saskatchewan."
SOCO's investment in Sinnett will help support the construction of a
1,200-sow hog production facility which will be completed June 1,
1998. The project will create 50 construction and trade-related jobs
during the one-year construction period and 10 permanent, full-time
jobs when complete. The $7.43 million hog facility will produce
approximately 28,000 animals a year for the slaughter market when it
is completed.
SOCO is collaborating with several other investors on the
project. Majority ownership will be in the hands of the McGrath
family, who operate a 14,000-acre grain farm in the Leroy area.
Stomp Pork Farm Ltd., a hog industry management company, is being
retained under a long-term contract to build and operate the
facility. Stomp already operates three successful hog production
units in the area. The combined production from the four units
will exceed 100,000 pigs annually.
SOCO has a mandate to facilitate economic growth through
investment in viable businesses and in infrastructure which
supports the development of business. It has invested
$18.3 million in Saskatchewan businesses since its creation in
1994. Its investments have contributed to the creation of 377
full-time jobs, 49 part-time jobs and 412 temporary jobs, as well
as helping to maintain 440 jobs. It also owns and operates
Innovation Place, a world-recognized research and development
park in Saskatoon.
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For more information contact:
Jan Carter
Saskatchewan Opportunities Corporation
Regina
Phone: (306) 787-8576