Maple Leaf Starts Functioning at Ontario Poultry Plant
On November 28, Maple Leaf Foods Inc. began production at its new poultry plant in London, Ont.
“This is an exciting day for Maple Leaf Foods and an exciting day for Canada,” said Michael H. McCain, chief executive officer. "Our London plant is one of the largest and most technologically advanced places in the world to process poultry. It shows how Maple Leaf Foods can serve growing markets and keep its strong commitment to being a leader in sustainability."
Once production is completely scaled up by the end of 2023, the $772 million project is estimated to provide roughly $100 million in incremental adjusted EBITDA per year on a run-rate basis. Some of Maple Leaf's most popular products, like Prime and Mina, will be made in the 660,000-square-foot plant.
The London facility currently employs 400 people. Maple Leaf said that when the site is running at full capacity, it will employ about 1,600 people. It also said the place was made to promote a "modern, friendly, and welcoming environment."
“We’ve invested in industry-leading food safety, environmental, and animal care technologies to deliver premium, value-added, and sustainable poultry products that consumers are demanding,” said Curtis Frank, president and chief operating officer. “At the same time, we’re helping Canada’s food system lead in feeding the world as we deliver on our vision to be the most sustainable protein company on earth. Our next generation London plant is further proof of our commitment to deliver shared value for our shareholders, our people, our customers, and the planet.”
Source: Food Business News