The Government of Quebec has awarded $21.17 million to O-I Canada to support an equipment acquisition project evaluated at $69.8 million.
The financial assistance includes a $19.17 million loan granted through Investissement Québec as well as a $2 million grant paid through Recyc-Quebec.
It will enable the company to modernise its factory by repairing a furnace and acquiring other equipment, including three forming machines.
In all, 326 jobs will be consolidated in the Montreal region.
Pierre Fitzgibbon, Minister of Economy and Innovation and Minister responsible for Regional Economic Development said: “O-I Canada will continue to play an important role in the circular economy of glass in Quebec.
“Thanks to the local management of glass, we will reduce our greenhouse gas emissions in addition to consolidating quality jobs. A great example of a project where the environment feeds the economy.”
Tim Connors, General Manager - North America of O-I Canada, said: “This investment comes at a critical time in Canada 's ambitions for a more circular economy.
"We have a long history of innovative glass packaging in Quebec, and the modernization resulting from this investment will enable more of it to be recycled.
"This will lead to a reduction in waste and greenhouse gas emissions, in addition to fostering a circular economy for recycled glass, which will act as a driver for the expansion of the Quebec deposit system for beverage containers.”