Maple Leaf looking to sell Burlington pork plant
A five-year restructuring plan outlined by Maple Leaf includes preparations to sell its primary pork processing plant in Burlington, Ont. In addition with this sale, Maple Leaf plans to shift from primary protein operations to value-added meat and meals. The company reported $10 million in losses in the first quarter.
May 1, 2008
Maple Leaf Foods said it is "preparing to sell" its primary pork processing
plant in Burlington, Ont., which processes more than two million hogs per
The company reported a loss of $10 million in the first quarter,
but executives say its new business plan is on track to help improve earnings.
Maple Leaf is executing a five-year restructuring that includes a shift from
primary protein operations to value-added meat and meals.
Also in the
first quarter, Maple Leaf announced plans to implement a second-shift cut
operation at its Brandon, Man., plant by September 2008 and to close its fresh
pork processing plant in Winnipeg.
"By consolidating these operations in
Brandon, significant cost reduction and scale efficiencies will be realized,"
the company said, noting that a major expansion is concurrently underway at its
Lagimodiere Road plant in Winnipeg, involving consolidation of its value-added
ham boning operations.
Meantime, construction of a new distribution
center in Saskatoon, SK, also is nearing completion, the company said.