Great news for HyLife

Manitoba will be supporting the HyLife expansion through TIF equivalent to 22 years of incremental taxes, estimated at $9.5 million.

Wednesday 19 September 2018 (1 years 28 days ago)

HyLife HyLife was on the receiving end of great news this past Friday on a beautiful morning at Lions Riverbend Park in Neepawa. Manitoba Premier Brian Pallister along with Minister Eileen Clarke, Minister Jeff Wharton, and Minister Ralph Eichler came out to announce their continued support of HyLife’s expansion in Neepawa and the R.M. of Killarney-Turtle Mountain through Tax Increment Financing (TIF).

“This project aligns with the government’s priority of building on industrial strengths,” said Pallister. “HyLife’s expansion will greatly contribute to the growth of the pork sector in Manitoba, including our position as a leader in pork processing. HyLife’s growth will help position Manitoba pork as a high quality and high-value commodity in the growing world market.”

The province will be supporting the HyLife expansion through TIF equivalent to 22 years of incremental taxes, estimated at $9.5 million. The Government of Manitoba and Government of Canada provided an additional $2.0 million to HyLife’s expansion through Growing Forward 2, which is a joint funding program that ensures Canadian producers and processors have the tools and resources needed to innovate and capitalize on emerging market opportunities.

“We thank the Manitoba government for their support in helping enable us to create premium pork product, jobs and economic activity locally here in Neepawa, Killarney and the province of Manitoba,” said Claude Vielfaure, President of HyLife. “Our products continue to be exported to countries around the world, with hogs raised in Manitoba and processed in Neepawa. We pride ourselves in being community partners, and are proud of our employees and their contributions to the community.”

HyLife’s recent expansion focused on optimizing the integrated pork production system. The expansion continues to improve HyLife’s process flows, grow additional hog supply, integrate incremental feed supply and allow the Neepawa plant to expand to a double shift.

HyLife is the largest hog production company in Canada and among the top 15 in North America. Together with its affiliates, HyLife has business holdings in Canada, the United States, Mexico and China. In 2011, HyLife achieved Platinum status in the “Canada’s Best Managed Companies” program, after first being honoured in 2004. HyLife exports 75% of its products to 23 countries around the world including Japan, China, Mexico and South Korea.

September 17, 2018 - HyLife

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