Bay of Quinte riding MPP Todd Smith announced that the Ontario government will be providing $394,046 to All Season Fencing Ltd.
The funding comes from the Eastern Ontario Development Fund (EODF) and is part of a general $4.165 million investment from the company.
All Season Fencing Ltd. has taken over the former Sonoco paper mill on Trenton-Frankford Road in Quinte West and renovated the space to produce PVC vinyl fencing, decks and railings.
The company has been in operation since 2001 and uses recycled plastics to minimize waste.
After being unable to find space in Toronto, All Season Fencing Ltd. decided to expand its operations into Quinte West after being unable to find a larger space in Toronto where the business is located.
Warehouse of All Season Fencing facility in Quinte West. May 4, 2023. (Photo: Zach McGibbon/Quinte News)
“So Eastern Ontario looked like a good place to go. A lot of us have been here on vacation or driven through it and we’ve always liked it,” Sales Manager of All Season Fencing Ltd., Jonathan Lewis, tells media.
“When the opportunity came up in this space, the size was excellent. The proximity to our shipping routes was great, and it gives us the ability to tailor it to exactly what we need.”
Since making the move to Quinte West, All Season Fencing has invested $2.1 million in modifications to the facility and $1.9 million into purchasing new equipment.
Lewis says they are happy with the results of the renovations.
“But I think really what it speaks to is we saw the potential,” Lewis said.
We knew that it was a lot of work but it would be worth it. That’s something that we put our mind to and it’s the same attitude that brought us to where we are now that allowed us to renovate this building.”
Bay of Quinte MPP Todd Smith announcing $394,046 in funding from the Eastern Ontario Development Fund to All Season Fencing Ltd. May 4, 2023. (Photo: Zach McGibbon/Quinte News)
“It’s unbelievable the transformation in this place in the last five months,” Bay of Quinte MPP Todd Smith tells media members.
“This was a pretty dark, old, dingy building that hadn’t been active at all for three years and now it’s a vibrant, vibrant place.”
According to a press release, the company will bring over 70 jobs to the area, with 18 jobs already retained from the previous company.
“They’re up to over 50 jobs here right now,” MPP Smith said.
“They’re going to be adding another 25 jobs later this year and then potentially a couple of 100 jobs down the road.”
Also stated in the release is a planned partnership with Loyalist College to help assist in the training, education and up-scaling of employees as the facility continues to grow.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
