P.E.I. beef plant reports record sales
Atlantic Beef Products in Albany, P.E.I., reported record sales in its latest fiscal year, reports CBC. With sales of $52 million (CAN), the company grew its business by 26 percent and processed more than 16 million pounds of beef last year.
The company has not turned a profit yet, but CEO Russ Mallard said that the addition of new products is helping the bottom line, and boosting production is the key to future success.
"We are in a very competitive industry so volume is a very important component of making this plant work efficiently," said Mallard. "We have recognized that we have had to grow our production volume so that we can produce beef at a rate per kilo that is competitive with some of our major competitors."