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Changes for Maple Leaf 's Prepared Meats Business

by 5m Editor
20 October 2011, at 10:21am

CANADA - Maple Leaf Foods has put forward significant changes in its prepared meats business to reduce operating costs and increase productivity.

The initiative will see the company invest approximately C$560 million in infrastructure and technologies over three years to establish a world-class prepared meats network.

These changes, combined with other strategic value creation initiatives underway, are expected to significantly increase the Company's competitiveness and profitability in the near and longer term.

Included in this investment is the construction of a new C$395 million, 402,000 square foot prepared meats plant in Hamilton, which will be competitive with bes