P&H Milling Group, a division of Parrish & Heimbecker, Ltd., is constructing a $241-million facility in Red Deer County, Alberta. The facility will have the capacity to mill about 750 metric tonnes of wheat from western Canadian farmers into flour every day and will complement the company’s wheat and durum milling operation in Lethbridge, officials say.P&H Milling Group’s project is expected to create about 27 permanent and 200 temporary jobs. Byproducts from the milling process will be sold to the livestock feed industry across Canada to create products for cattle, poultry, swine, bison, goats and fish. The new facility will also have capacity to add two more flour mills as demand for product increases in the future.“This new facility not only strengthens our position in the Canadian milling industry, but also boosts Alberta’s baking industry by supplying high-quality flour to a diverse range of customers,” says John Heimbecker, CEO, Parrish & Heimbecker,  Ltd. “We are proud to contribute to the local economy and support the agricultural community by sourcing 230,000 metric tonnes of locally grown wheat each year.”By building the facility, the company has qualified for a tax credit estimated at $27.3 million through Alberta’s Agri-Processing Investment Tax Credit program. To qualify, corporations must invest at least $10 million in a project to build or expand a value-added agri-processing facility in Alberta. The program offers a 12 per cent non-refundable tax credit based on eligible capital expenditures.“P&H Milling Group’s new flour mill project is proof our Agri-Processing Investment Tax Credit program is doing its job to attract large-scale investments in value-added agricultural manufacturing,” said RJ Sigurdson, Minister of Agriculture and Irrigation. “With incentives like the ag tax credit, we’re providing the right conditions for processors to invest in Alberta, expand their business and help stimulate our economy.” (ICE TORONTO)

Fonte notizia: https://www.mromagazine.com/