High Liner invests in Nova Scotia plant, anticipates return of northern cod

High Liner Foods intends to make a CAD 13 million (USD 9.7 million, EUR 8.77 million) upgrade to its facility in Lunenburg, Nova Scotia, as well as add 70 more union jobs to the site, the company told CBC.ca.

The company is looking to shift production from two of its idled facilities in Massachusetts in the hopes that it can bring more profitability to Lunenburg. While 75 percent of High Liner’s business comes from the United States, the company will be keeping its headquarters situated in Nova Scotia, and is looking to generate more business to the area with these latest investments.

"We could process more profitability in Lunenburg and ship it to the United States," High Liner CFO Paul Jewer said to CBC.ca.

Although most of High Liner’s seafood is sourced from outside of Canadian waters, that may soon change with the re-emergence of the previously depleted northern cod stock, which collapsed in 1992. Jewer told the newspaper the company eagerly anticipates an increase in cod catch over the next three to four years.

Blue Harvest Fisheries purchased High Liner’s idle Massachusetts plant earlier this year, as well as the Nova Scotia giant’s scallop business.

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