Province enhances beef industry’s competitive edge

The Government of Prince Edward Island is investing in the future of the Island’s beef industry by helping Atlantic Beef Products Inc. (ABPI) modernize its infrastructure.

As Prince Edward Island’s agriculture exports continue to grow year over year, reaching a record $1.05 billion in international exports, investments in advanced processing technology are essential to maintain industry competitiveness. 

Through a provincial $1.5 million loan and $175,000 in non-repayable grants, ABPI will have the necessary funding to purchase and install advanced deboning technology that will help increase processing speed and operational efficiency. 

These infrastructure upgrades will help ensure ABPI remains competitive with larger processors across Canada, while also enabling them to process beef products using halal methods. This will expand ABPI’s market reach regionally, nationally, and internationally.

Quotes:

“Growing our beef industry is a key pillar of our agriculture industry and our government. The positive impacts are wide-ranging and experienced at every level of our supply chain, from farmers and processors to the broader agricultural industry and the provincial economy. We remain committed to supporting innovation across Prince Edward Island, and this project is a perfect example of how we can continue to showcase top-quality PEI products on the world stage while investing in our economic future and rural communities.”

— The Hon. Bloyce Thompson, Premier of Prince Edward Island

“Supporting Atlantic Beef Products in their pursuit of market diversification is a strategic investment that will deliver real returns for the Island economy. Integrating new technology into their operations will improve productivity and efficiency, while allowing them to deliver the high-quality Island beef products the world is hungry for.”

— The Hon. Darlene Compton, Minister of Economic Development, Innovation and Trade

“Canada is a multicultural country, and demand for high-quality halal beef continues to grow. This investment allows us to add more value to our products right here in Prince Edward Island, expand into growing markets, and continue building a Canadian-owned processor that competes successfully at home and abroad.”

— Russ Mallard, President of Atlantic Beef Products Inc.

Media Contact:
Vicki Tse
Department of Economic Development, Innovation and Trade
vickitse@gov.pe.ca

Kip Ready
Department of Agriculture
kjready@gov.pe.ca