By CRM staff
Toronto, Ontario – January 26, 2019 — John Ross & Sons, which recently purchased A&S Scrap Metal’s facility in Charlottetown, PEI is planning on installing an auto shredder and downstream equipment.
According to a PEI Ministry of Economic Development and Tourism press release, the PEI provincial government has approved of a loan of $3 million to John Ross & Sons for the purchase of the new equipment.
“I commend the new owners for improving the efficiency of their operations and significantly reducing their environmental impact and waste,” states Richard Brown, a member of PEI’s Cabinet Committee on Priorities. “We are working closely with businesses across Prince Edward Island to protect and enhance the environment.”
“It is essential that we support businesses that are using new technologies to reduce their environmental impact and improve their bottom line,” says Chris Palmer, PEI’s economic development and tourism minister. “Our lending portfolios support close to 1,000 Island businesses and make a significant contribution to employment and economic growth.”