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Ontario Welcomes $33.6 Million Manufacturing Investment in London

January 15, 2024

Ontario Welcomes $33.6 Million Manufacturing Investment in London

Andriani’s expansion will create 42 new, good-paying jobs

The Ontario government is welcoming a $33.6 million investment by Andriani Ltd., an Italy-based pasta manufacturing company, to build their first production facility in North America. This investment will create 42 new, good-paying jobs in London.

“Andriani’s significant investment will spur growth throughout our province’s agri-food supply chains and help to further establish London as a hub for food production, technology and innovation,” said Premier Doug Ford. “Despite economic headwinds, companies, across all sectors, are choosing Ontario because of our competitive business environment, our access to markets and our world-class workforce.”

Premier Doug Ford

“Companies like Andriani are attracted to the stability and growth of Ontario’s economy – with over $11 billion in new investments and over 120,000 new jobs created just last year,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Our government’s targeted approach to attracting multinational manufacturers as they expand and create good-paying jobs in communities across the province is working. Thank you, Andriani for choosing Ontario.”

Vic Fedeli, Minister of Economic Development, Job Creation and Trade

Andriani’s investment will be used to build a new, 61,225 square-foot, state-of-the-art facility to make gluten-allergen and GMO-free pasta. Once the new facility is operational, Andriani plans to manufacture products for the North American market in Ontario instead of importing products from Italy.

As part of this investment, the government is providing Andriani Ltd. with $1.5 million through the Regional Development Program’s Southwestern Ontario Development Fund.

“We want to thank Ontario for this recognition and the support offered so far,” said Michele Andriani, Andriani Group President and CEO. “We share with Ontario a vision of a future driven by innovation and shared value. In London we found the premises to ground the next steps of our international development, which aims at increasing the potential of having a positive impact on people’s lives through food innovation: highly qualified and professional people, focus and investments on food innovation, sustainability and regenerative agricultural practices and overall a competitive agricultural and food business ecosystem.”

Michele Andriani, Andriani Group President and CEO

Ontario is investing $140 million through its Regional Development Program to help manufacturers across the province grow and address distinct regional priorities and challenges. To date, Ontario has provided more than $122 million to support more than 100 projects through the program, leveraging over $1.3 billion in new investments and helping to create more than 2,500 jobs in the province.

Quick Facts

  • Andriani will join London’s growing food and beverage manufacturing sector, including over 90 companies employing over 7,000 people. Andriani’s facility in the London Innovation Park will be located alongside other agri-food companies such as Dr. Oetker, The Original Cakerie, Aspire Food Group, Bosco & Roxy’s and Cardiff Products.
  • The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
  • In 2022, the government launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It supports advanced manufacturers across the province, including those in the automotive, aerospace, chemical, life sciences and steel sectors, to invest in the equipment, advanced technologies and the skilled workforce needed to improve competitiveness and growth, and to create and retain jobs across the province.
  • As part of the 2023 Ontario Budget, the government introduced the Ontario Made Manufacturing Investment Tax Credit, which provides a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.

Quotes

“This investment in Andriani further solidifies Ontario as a food manufacturing powerhouse. We’ve worked tirelessly to ensure that Ontario is the jurisdiction of choice for businesses across the agriculture and food industry, and we welcome the positive ripple effects this will have on our economy as a whole.”

– Lisa Thompson 
Minister of Agriculture, Food and Rural Affairs

“I am thrilled to welcome Andriani’s investment to the City of London. This not only marks a significant boost to our city’s local economy, it also underscores London’s appeal as a hub for international businesses. Bringing 42 new, well-paying jobs further enhances the prosperity and vibrancy of our community. I look forward to the positive impact Andriani’s state-of-the-art facility is sure to have on our city.”

– Josh Morgan 
Mayor, City of London

“From the farm gate to the consumer’s plate, one in nine jobs exist in agrifood in Ontario. Food manufacturing companies such as Andriani are in integral part of ensuring food security in Ontario. I welcome them to the Forest City, and look forward to seeing the positive impact this investment will have in London and surrounding areas.”

– Rob Flack 
Member of Provincial Parliament for Elgin—Middlesex—London

“London welcomes Andriani’s transformative investment, fortifying our leadership in food processing. The creation of 40 plus, high-paying jobs reflects the success of a targeted approach and strengthens our vision for a sustainable and innovative future.”

– Kapil Lakhotia 
President & CEO, London Economic Development Corporation

Additional Resources

Learn more about the Regional Development Program

Source

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