Winnipeg Free Press - PRINT EDITION

Winpak expansion predicted to create up to 125 jobs

  • Print

PLASTIC-packaging manufacturer Winpak Ltd. is undertaking a $10-million expansion of its primary production plant in Winnipeg in a move that could create up to 125 new jobs over the next five years.

Ken Kuchma, the Winnipeg-based firm's chief financial officer, said work on the 80,000-square-foot addition will get underway this spring and should be completed before the end of the year.

He said the project will boost the size of the St. James plant, which is located at 100 Saulteaux Cres., to nearly 500,000 square feet.

Kuchma said 12 to 15 of the estimated 125 new jobs will be added this year.

"As our business continues to grow, we will continue to add more people..."

Winpak has between 650 and 670 people working in its Winnipeg operations, which also include another 85,000-square-foot production facility located next door to the main plant.

Kuchma said the Winnipeg expansion is part of an estimated $70 million in capital-works projects that Winpak expects to undertake in 2013. That would be on par with last year's expenditures.

The Winnipeg project had originally been on the books for 2012, but was postponed because of mounting concerns about the soaring cost of new construction in Manitoba.

"But we took another look at our plans and made a few changes... that removed some of the costs," he said.

Also, the level of construction activity has moderated a little, he said, which enabled the company to strike a better deal with local contractors.

The bulk of the new space will be used to expand the plant's production capacity. The remainder will be warehouse space.

Kuchma said Winpak officials are keen to acquire another production plant in 2013 -- it currently has nine in Canada and the United States -- if the opportunity presents itself.

"We've been saying that for a while, but unfortunately, nothing has happened. But with the sort of war chest we have -- roughly $130 million in cash -- it would be nice to put that money to more effective use."

The company has been looking at potential acquisition targets on both sides of the border, but Kuchma said it's willing to wait as long as it takes to get the right deal.

"We've always been a very prudent company and fiscally conservative. So we're not going to pay an exorbitant price for a business. We'll continue to be patient."

Winpak manufactures machines and plastic materials for the packaging of perishable foods and beverages, and for health-care applications.

murray.mcneill@freepress.mb.ca

Republished from the Winnipeg Free Press print edition February 15, 2013 B11

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Pavelec wants to be better this season

View more like this

Photo Store Gallery

  • Geese fight as a male defends his nesting site at the duck pond at St Vital Park Thursday morning- See Bryksa’s Goose a Day Photo- Day 08- May 10, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A young goose   reaches for long strands of grass Friday night near McGillvary Blvd-See Bryksa 30 Day goose challenge- Day 19 - May 23, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What should the legal drinking age be?

View Results

View Related Story

Ads by Google