Canada's food and consumer products manufacturers call federal budget a vote of confidence

OTTAWA, March 21, 2013 /CNW/ - Canada's food and consumer product manufacturers are encouraged by today's federal budget and are pleased to see that the Harper government continues to recognize the value in supporting the manufacturing industry.

Food & Consumer Products of Canada (FCPC) is pleased to see the government extend the Accelerated Capital Cost Allowance beyond its current 2013 expiry date. This move will help ensure our industry continues to innovate and is better positioned to respond to a competitive global market.

FCPC says the incentives in today's budget and the focus on skills trade will help provide our sector with additional tools to compete in a global marketplace and sustain and create jobs here in Canada.

We are also looking forward to working with the government as they create a national strategy to help meet the labour needs of the manufacturing industry, which includes the new Canada Job Grant.

QUOTES

"Today's federal budget is a vote of confidence for the manufacturing sector. Food & Consumer Products of Canada applauds the Harper government for its strong commitment to advancing our industry in Canada. Investing in the dynamic consumer packaged goods manufacturing sector is an essential step in our country's continued economic recovery. The incentives will help companies invest in growth and innovation and help our industry be amongst the best in the world."

-     Nancy Croitoru, president & CEO, Food & Consumer Products of Canada

FACTS

• The food and consumer products manufacturing industry employs 300,000 Canadians - the largest employer in the manufacturing sector.

Food & Consumer Products of Canada is Canada's largest industry association representing the companies that manufacture and distribute the vast majority of food, beverage and consumer goods found on grocery store shelves. Our members are all based in Canada, providing jobs to almost 300,000 Canadians, and include small and large; multi-nationals and Canadian-owned companies. Learn more at www.fcpc.ca

SOURCE: Food and Consumer Products of Canada

For further information:

Adam Grachnik
Director, Communications
Food & Consumer Products of Canada
[phone] ext 2226
[e-mail]