May 29, 2015 – Mississauga – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Contract Pharmaceuticals Limited Canada will expand its contract manufacturing capabilities and generate business growth in the life sciences sector, with the aid of up to $8,992,672 announced today by Member of Parliament for Mississauga-Streetsville Brad Butt, on behalf of FedDev Ontario Minister Gary Goodyear.
The Harper Government's investment is through FedDev Ontario's Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.
The company's project will include purchasing new equipment to establish more automated systems and services. This will allow the company to work more efficiently, reduce waste costs and produce at a greater volume, to better meet the needs of its growing client base.
Contract Pharmaceuticals Limited Canada is a full-service contract manufacturer of liquid and semi-solid pharmaceutical products. This strategic investment will allow the company to increase its manufacturing capabilities and introduce new technologies that will increase the company's competitiveness and capacity to further diversify in global markets.
Saro Khatchadourian
Office of the Honourable Gary Goodyear
613-943-6438
Media Relations
FedDev Ontario
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