Corrugated and folding carton packaging company Master Packaging (MPI) will receive $7.1m finance from the Government of Prince Edward Island through Finance PEI to expand its production capacity.
The Canada-based company will use the amount to purchase new equipment. The investment will enable it to meet growing customer demand and expand to serve new customers in the marketplace.
MPI president and CEO Mary Jean Irving said the company is also investing in a new training facility to develop its employees' skills and improve its productivity.
"The training facility will be equipped with computer labs where employees will take advantage of international webinars and be the first in Canada and North America to train for - and achieve - the world class, independent, professional designation for Flexographic printing," Irving said.
MPI serves the packaging requirements of customers located throughout the Atlantic Provinces, the US and Central Canadian marketplaces.
