Maple Leaf Foods to Construct World-Class Value-Added Poultry Facility in London, Ontario
Maple Leaf Foods (TSX: MFI) today announced plans to build a $660 million value-added fresh poultry facility in London, Ontario.
The new 640,000 square feet facility is expected to be one of the most technologically advanced poultry-processing plants in the world, with leading-edge food safety, environmental, and animal welfare processes and technologies.
Funding for the project includes a capital investment of approximately $605.5 million from Maple Leaf Foods, an investment of $34.5 million from the Government of Ontario and a $20 million investment from the Government of Canada under the Strategic Innovation Fund. In addition, the Company is receiving a $8 million loan from the AgriInnovate Fund. As part of the federal funding agreement, Maple Leaf will invest a further $5 million over...
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