“The increased economic impact for such a large number of people in this province will have a positive ripple effect for years to come, “ said Graham Starmer, President and CEO of The Manitoba Chambers of Commerce. “ In total, 345 new jobs will be added through this expansion as well as the 100 new jobs through the construction phase. This is cause for celebration.” [Click on Pic to learn more]
Approximately 350 new jobs will be created following the announcement by Maple Leaf Foods (MLF) of an $85-million expansion to its processing plant on Lagimodiere Blvd. in Winnipeg. [Click on Pic to learn more]
Included in this investment is the construction of a new $395 million, 402,000 square foot prepared meats facility in Hamilton, which will be competitive with best-in-class facilities in North America. Maple Leaf will also invest in existing plants in Winnipeg, Saskatoon and Brampton, establishing highly efficient category-focused “centres of excellence”. The Company’s plants in North Battleford, Kitchener, Hamilton, Toronto, Moncton and a small facility in Winnipeg will close by the end of 2014 as production is consolidated into new or expanded facilities. [Click on Pic to learn more]
“We are particularly proud of the environmental features that we engineered into the facility to meet rigorous environmental standards,” said Michael McCain. “The new bakery also provides us with dedicated space to support new product innovation, supported by our leadership in providing Canadians nutritious, fresh and wholesome bakery products.” [Click on Pic to learn more]
Prior to the passing of the Company’s long serving Chairman, Mr. G. Wallace F. McCain on May 13, 2011, Mr. Crawford was Vice Chairman and Lead Director. The appointment of Mr. Crawford to the chairmanship ensures continuity of leadership at the Board. [Click on Logo to learn more]
Michael McCain, CEO of Maple Leaf Foods said, “Wallace McCain was an inspiration, as a father, businessman and humanitarian. His incredible success in business was always balanced with the importance of family and community.” [Click on Pic to learn more]
Natural Selections, a line of deli meats made with wholesome and simple ingredients people can actually pronounce and containing no added preservatives or artificial ingredients, was selected following a national survey of more than 5,900 Canadian consumers. [Click on Pic to learn more]
“Maple Leaf Foods delivered strong earnings growth in the fourth quarter, despite a sharp increase in raw material prices” said Michael H. McCain, President and CEO. “These results reflect the benefits of cost reductions and price increases intended to help us keep pace with global food inflation, and some early benefits from the initial execution of our strategic plan. We expect the progress we are making in reducing our cost structure, simplifying our product lines, and streamlining our operations will contribute to earnings throughout 2011.” [Click on Pic to learn more]
Michael H. McCain, Maple Leaf Foods’ President and CEO, said, “We are focused on implementing the plan, which will see us build strength and competitiveness in our business by simplifying products and product lines, increasing the scale of our manufacturing facilities, and investing in advanced technology.” [Click on Pic to learn more]
The federal government has issued a progress report on actions it’s taken to strengthen food safety. The report is available on the CFIA site and it outlines significant progress made since the 2008 listeriosis outbreak and in response to the report delivered in 2009 by the independent investigator tasked to make recommendations around strengthening food safety systems.
“The rapid rise in raw material costs in both grains and meat proteins, is the story for 2010,” said Michael H. McCain, President and CEO. “Notwithstanding this significant inflation, we realized our sixth consecutive quarter of earnings growth, continued margin expansion in the protein segment, and double digit earnings per share improvement over last year.” [Click on Logo to learn more]
The plan includes several initiatives that are expected to increase margins in the near term, of which several require little or no capital investment. Many of these near-term initiatives are well underway, including pricing and normalization of trade promotional activity, simplification of bakery and meat products formulation and manufacturing, early facility rationalization, and the implementation of an integrated SAP system that will provide a base to enhance business performance and further reduce administration and processing costs. [Click on Logo to learn more]
