Ontario Secures $200M Investment for Canada’s First Xanthan Gum Facility
Ontario continues to be a top destination for major investments, attracting businesses from across the globe. In a new $200 million investment, Swiss agribusiness Jungbunzlauer has announced its plan to build Canada’s first xanthan gum manufacturing facility in Port Colborne, a move that will further strengthen Ontario’s position as a hub for food production and innovation.
The new facility will play a significant role in the production of xanthan gum, a key ingredient used in food products, pharmaceuticals, and cosmetics. With this new project, Ontario is set to not only meet growing global demand but also contribute to more sustainable production practices. The investment by Jungbunzlauer reflects the province’s appeal as a prime location for international companies looking to expand into the North American market.
Why Ontario?
This substantial investment by Jungbunzlauer highlights why Ontario continues to attract global firms. Ontario offers a highly skilled workforce, world-class infrastructure, and proximity to key markets, making it an ideal place for companies to thrive. Additionally, Port Colborne’s strategic location provides excellent transportation links, allowing businesses easy access to the U.S. market. For Jungbunzlauer, this investment marks a significant step in expanding their product portfolio, and Ontario provides the perfect foundation to achieve this.
Port Colborne Mayor Bill Steele shared that this project is set to be a game-changer for the local economy. It will create hundreds of new jobs during construction and operational phases, boosting local employment while supporting Ontario’s economy.
Ontario: The Ideal Business Destination
Ontario’s strong commitment to fostering growth in the food and agribusiness sector has proven to be a significant factor in attracting international investment. Programs such as Invest Ontario have been instrumental in supporting business expansions by offering attractive incentives, robust infrastructure, and access to a thriving market.
By choosing Ontario, Jungbunzlauer joins a growing list of companies that see the province as a leading destination for innovation and business growth. With the City of Port Colborne as a key partner in this project, the region is set to experience an economic boom, further solidifying Ontario as a global leader in food processing and manufacturing.
Key Investment Highlights:
- $200M investment by Jungbunzlauer to build Canada’s first xanthan gum facility in Ontario.
- Facility to be located in Port Colborne, creating jobs and boosting local and provincial economies.
- Xanthan gum production will contribute to food, pharmaceutical, and cosmetic industries.
- Ontario’s strategic location and incentives attract global businesses to expand into the North American market.
To learn more about investing in Ontario, click here, or to explore investment opportunities in Port Colborne, click here.
