News Release - September 14, 2000
INVESTING IN MOOSE JAW PORK COMPANY
Saskatchewan Agriculture and Food's Agri-Food Equity Fund (AFEF) has invested
$1 million in the World Wide Pork Company Ltd. of Moose Jaw.
Agriculture and Food Minister Clay Serby made the announcement while touring
the facility today.
"This investment is just another example of AFEF's work in promoting value-
added diversification, economic growth and jobs in Saskatchewan's agri-food
sector," Serby said. "Since its inception, the Agri-Food Equity Fund has
approved investments in small and medium-sized Saskatchewan companies totalling
more than $16 million."
World Wide Pork specializes in hog slaughtering and specialty cuts for the
Japanese and other Asian markets. The company employs over 150 workers and has
been fully operational since May, when it was purchased from Tai-Wan Pork.
"We plan to expand our staff and capacity over the next year or two. Once full
production is attained we expect to be slaughtering over 300,000 hogs annually
which will be sourced primarily from the prairie provinces," World Wide Pork
President Tom Cheng said.
Saskatchewan Agriculture and Food established the Agri-Food Equity Fund in
1994. The Fund invests in viable agricultural value-added Saskatchewan
businesses and co-operatives by purchasing equity, in addition to offering
business advice for start-up or expansion.
For more information, contact:
Agri-Food Equity Fund
Phone: (306) 843-3406