Comment 70677 - Raise the Hammer

Comment 70677

By George (registered) | Posted October 19, 2011 at 15:50:21 in reply to Comment 70676

http://www.theglobeandmail.com/globe-inv...

Maple Leaf Foods Inc. (MFI-T10.56-0.02-0.19%) unveiled a $560-million plan to modernize and concentrate production at its aging meat processing facilities as part of a three year plan that will see half a dozen plants shuttered across the country.

The centerpiece of the strategy calls for the construction of a new $350-million prepared meats factory in Hamilton, Ont., that is set to employ 670 workers by its scheduled completion in 2014. Another $155-million will be invested in new equipment in three plants in Toronto, Winnipeg and Saskatoon.

Comment edited by George on 2011-10-19 15:50:45

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