Maple Leaf Foods completes construction of its poultry plant
October 4, 2022 | By Monica Ferguson
Maple Leaf Foods completed construction of its poultry plant in London, Ontario. Equipment testing has begun and Maple Leaf Foods expects to hire about 600 people by the end of 2022 and will employ about 1600 people once the plant is operating at full capacity.
“I am incredibly proud of our team for achieving this important milestone ahead of schedule in a very challenging environment,” said Michael H. McCain, CEO. “As we get closer to commercial production, we know we are well on our way toward realizing the benefits and returns on this $772 million strategic investment. We expect 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.”
“This landmark investment in one of the largest, most technologically advanced poultry processing facilities in the world, is yet another example of how Maple Leaf Foods is strategically positioned to serve growing markets, while remaining true to its sustainability commitments.”