Maple Leaf Foods announces major construction, consolidation plans
Maple Leaf Foods announced significant changes in its prepared meats business to reduce operating costs and increase productivity. This initiative will see the company invest approximately $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.