Richmond Business News – September 2018

Richmond businesses did not slow down over the summer!  IKEA opened a new customer distribution center, the Richmond Night Market discussed its role as a start-up incubator for food businesses, Herbaland Naturals explored new export markets, and Premium Brands expanded its holdings to include an organic chicken producer. These stories and more in the September 2018 edition of the Richmond Business News.

IKEA Canada opens customer distribution center in Richmond

The brand new 330,000 sf distribution center in East Richmond will create over 100 new local jobs and will serve the company’s Western Canada operations including four retail outlets and e-commerce platform. Founded in 1943, IKEA opened its first North American retail store right here in Richmond more than 40 years ago.
IKEA Canada • Sep 10

This new Richmond waterfront eatery has a massive patio

A new spot boasting fresh dishes and awesome views of the Fraser River opened in Richmond on Thursday, August 30. The Deck Kitchen + Bar is at 3500 Cessna Drive, at the Pacific Gateway Hotel and its new dining room includes a 7,000 square foot patio.
Daily Hive • Aug 30

Clevest and FortisBC win award for “Energy Industry Innovation” in the 2018 International Business Awards

Richmond based Clevest Solutions Inc. and FortisBC Inc. announced today that they were named the winners of a Bronze Stevie® Award in the Energy Industry Innovation of the Year category in The 15th Annual International Business Awards®, the world’s premier business awards program.
BC Tech News • Aug 22

Richmond Night Market an excellent start-up incubator

During a visit to the Richmond Night Market, Canada’s Minister of Small Business and Export Promotion discussed how the market provides small businesses an opportunity to test their product in the local market before expanding and venturing out on their own.
Business in Vancouver • Aug 22

Richmond enterprise expands gummy empire

In its quest to make nutrition both fun and functional, Herbaland Naturals has evolved into Canada’s largest manufacturer of nutritional gummy products – but as any successful entrepreneur knows, staying on top requires continuous creativity, innovation and an ability to adapt to market trends.
IAFBC • Aug 20 

MTU Maintenance Canada celebrates 20th anniversary

MTU Maintenance Canada, a North American affiliate of German engine manufacturer MTU Aero Engines, celebrated its 20th anniversary. In total, MTU has seen over 1,100 engine shop visits over its 20 year history and currently employs nearly 400 experienced and highly-skilled professionals.
Richmond, BC • Aug 14

Premium Brands purchases majority stake in Yorkshire Valley Farms

Premium Brands has continued its North American expansion efforts by acquiring a 62.6% stake in Ontario-based organic chicken processor Yorkshire Valley Farms for an undisclosed fee. The company, headquartered in Richmond, owns multiple brands including Freybe, Grimm’s, Island City Baking and McSweeney’s.
Richmond, BC • Jul 30

Canada Jetlines readies for takeoff with new CEO, Airbus deal

More than four years after Canada Jetlines pitched a plan to launch an ultra-low-cost carrier (ULCC), the venture is again readying to get off the ground, although executives have yet to set a firm takeoff date.
Business in Vancouver • Jul 25


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