Chief financial officer Michael Vels said the company is looking at expanding the plant in the town of Brandon, Manitoba. “We have plans and desires to run that plant at double shift, at 85,000 pigs per week,” said Vels at a Scotia Capital conference in Toronto.
“We’re redesigning our hog production model, we’re focusing on the investments we have and the bonds we have … that can make money on the long-term basis.”
The pork processing operations need to be reformed due to the strong Canadian dollar, Vels said. In order to reduce costs, Maple Leaf will redesign pig production operations. The company expects to announce details in October, Vels said.