Vaughn Granter, Minister of Fisheries and Aquaculture, announced the funding through the Fisheries Technology and New Opportunities Programme. This funding will support the installation of Icelandic heading and mincing equipment that is new to the fish processing industry in Newfoundland and Labrador.
“Our government is pleased to contribute C$200,000 toward the installation of this unique equipment − the first of its kind in Newfoundland and Labrador. Helping industry players like Icewater Seafoods invest in leading technologies strengthens the company’s ability to compete effectively in markets throughout the world, and strengthens our cod sector,” said Vaughn Granter, Minister of Fisheries and Aquaculture.
The new mincing technology is anticipated to increase mince value while the new heading machine will increase product yield. By implementing these new technologies Icewater Seafoods will produce a better quality product for the competitive fresh/frozen market for cod.
“We are pleased to receive this new funding. Our company works very hard to provide jobs and other economic benefit to the Province of Newfoundland and Labrador. For generations we have been a part of the fishery in our province. Our partnership with the Provincial Government will be an important part of our future success,” said Alberto Wareham, President and Chief Executive Officer of Icewater Seafoods Inc.
The new equipment is expected to be fully integrated into Icewater Seafoods Inc.’s processing line before the start of the 2015 cod fishing season.