Maple Leaf Foods begins production at its new value-added poultry plant in London, Ont.
According to Michael H. McCain, CEO, Maple Leaf Foods will soon realize the benefits and returns on the $772 million investment. The company expects the plant to generate approximately $100 million annually of incremental Adjusted EBITDA on a run-rate basis once production is fully ramped up around the end of 2023.
The London plant, with a footprint of 660,000 sf, will play a key role in delivering most of Maple Leaf’s chicken products.
“This is an exciting day for Maple Leaf Foods and an exciting day for Canada,” said McCain, CEO. “Our London plant is one of the world’s largest and most technologically advanced poultry processing facilities and shows how Maple Leaf Foods can serve growing markets and maintain its strong commitment to sustainability leadership.”
Source: www.foodincanada.com