Canada's largest manufacturing sector welcomes federal government's
TORONTO, June 6, 2011 /CNW/ - Canada's leading food and consumer
products association is applauding the federal government for placing a
strong focus on Canada's competiveness and continued economic recovery
in today's budget.
Food & Consumer Products of Canada (FCPC) is pleased that Minister of
Finance Jim Flaherty also re-committed to the two-year extension of the
accelerated capital cost allowance treatment for investments in
manufacturing and processing machinery and equipment. This important
initiative, which FCPC has been championing, is expected to save
Canadian manufacturers more than $600 million in 2012- 2013 and $2.5
billion over the next five years.
FCPC will continue to work with the federal government on a number of
other key initiatives, including creating more competitive business and
regulatory environments. The Canada/U.S. Economic Integration and
Competitiveness Initiative is an important step in continuing our
country's post-recession economic recovery, and FCPC is excited about
the leadership currently being shown in this area by Prime Minister
Harper and President Obama.
"Canada's food and consumer products manufacturers employ almost 300,000
Canadians - our country's #1 employer in manufacturing. We are at a
critical time in Canada's economic recovery and today's budget provides
us with the leadership we need to move forward. FCPC looks forward to
continuing our work with the Harper government so our industry can grow
stronger and bring even more quality products and jobs to Canadians
- Nancy Croitoru, President & CEO, Food & Consumer Products of Canada
The food and beverage industry is the largest manufacturing sector in
Canada, employing close to 300,000 people and represents almost $19
billion in GDP.
FCPC members operate 6,000 facilities across the country.
About Food & Consumer Products of Canada
FCPC is the voice of Canada's leading food, beverage and consumer
products companies that manufacture or distribute the products that
sustain Canadians and enhance their quality of life.
Founded in 1959, FCPC is an active, vocal advocate for its member
companies and a trusted source of information about the industry and
the products that people enjoy and rely on every day.
The association promotes sound public policy, champions initiatives that
increase productivity and growth, and helps to protect the safety and
security of the consumer product supply through a commitment to
FCPC and its member companies are committed to meeting the needs of
consumers, conducting business in an ethical and responsible way, and
to working collaboratively with governments and other stakeholders to
develop effective solutions on public policy issues.
Visit us at www.fcpc.ca.
SOURCE Food and Consumer Products of Canada
For further information:
Derek Nighbor, Senior Vice President, Public & Regulatory Affairs
Food & Consumer Products of Canada
Phone: (647) 274-8869