MISSISSAUGA, ONTARIO — Maple Leaf Foods Inc. completed construction of its new 660,000 square-foot poultry plant in London, Ontario, ahead of schedule. Operations are scheduled to commence in the fourth quarter of 2022.
"I am incredibly proud of our team for achieving this important milestone ahead of schedule in a very challenging environment," said Michael H. McCain, chief executive officer. "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."
In addition to added value, the facility will bring around 1,600 jobs once it reaches full capacity. By the end of 2022, the company plans to hire 600 people.
"Our investment in industry-leading food safety, environmental and animal care technologies will allow us to efficiently deliver a premium mix of value-add poultry products to meet steadily growing consumer demand, while also strengthening Canada's food system and advancing our vision to be the most sustainable protein company on earth," said Curtis Frank, president and chief operating officer. "London Poultry is truly a next-generation plant that exemplifies Maple Leaf Foods' approach to delivering shared value for all stakeholders."