The Calgary Herald reports Cargill will receive $3 million in grant money from the Alberta Livestock and Meat Agency to assist with improvements at its High River plant.
The plants upgrades will total $42 million. The Alberta Livestock and Meat Agency’s contribution is from the federal-provincial growing forward program and will be distributed over the next two years. The growing forward program will invest $273 million into Alberta’s agriculture industry between 2009 and 2013.
The plant’s upgrades will meet changing requirements for export shipping allowing Cargill to potentially triple its beef exports to Asia.
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