Friday, May 9, 2008

Maple Leaf to sell Ontario pork plant

Canadian meat processor Maple Leaf reported last week that the company is 'preparing to sell' its primary pork processing plant in Burlington, Ontario.

This site processes more than 2 million pigs a year.

Maple Leaf lost $10,000 in the first quarter of this year, but officials say a new business plan is on track to improve earnings for the Canadian company. A five-year restructuring will shift the company's focus from primary protein operations to value-added meat and meals.

More closures
The company also envisages to start a second-shift cut operation at its plant in Brandon, Manitoba by September of this year and to close its fresh pork processing plant in Winnipeg.

A large expansion is underway at its Lagimodiere Road plant in Winnipeg, involving consolidation of its value-added ham-boning operations. Also, construction of a new distribution centre in Saskatoon is nearing completion.

No comments: