Moncton glass processor expanded and created new jobs14 August 2018
MONCTON (GNB) – Rayan Environmental Solutions, the only glass processor in Atlantic Canada, has expanded and created five new jobs with support from the provincial government.
“Providing support to New Brunswick businesses so they can grow and meet new market demands is an important part of growing our economy and creating jobs, which remain your government’s top priorities,” said Finance Minister Cathy Rogers. “Rayan Environmental Solutions is a valued employer and a strong contributor to our province’s economy. We are pleased to see the company pursue new export opportunities and diversify markets so that it can grow and employ more New Brunswickers.”
The company purchased new equipment to further process recycled glass, which will enable the company to produce value-added glass powder for various export markets. The project created five new jobs, all of which have been filled.
As part of its $1,931,000 capital investment, the company is eligible for a non-repayable contribution of up to $200,000 from Opportunities NB, which is a Crown corporation that seeks to attract and support opportunities to grow the economy and create jobs. It provides support services for businesses across the province.
The creation of five jobs, as well as the capital investment of over $1.9 million is expected to have a GDP benefit of $2.1 million over five years and to create an additional $213,222 in direct tax revenue over that same period.
“We have been committed to providing clean and sustainable environments for nearly 30 years, and have seen incredible growth over that time,” said Murray Cruickshank, president of Rayan Environmental Solutions “This partnership with Opportunities NB will allow us to expand our services throughout Atlantic Canada and welcome an additional five members to our team. We would like to thank the provincial government for their efforts to support our growth.”
The company was founded in Moncton in 1989 and partnered with NB Liquor in 1992, under the Beverage Containers Act, to manage all non-refillable, deposit-bearing empty alcoholic beverage containers returned through the various redemption centers around the province. The company currently employs more than 90 people.