date:Feb 28, 2014
Canadian food processor Maple Leaf Foods Inc, which has been replacing production facilities and setting up a new distribution system, reported a quarterly loss that it blamed on the tremendous costs of the restructuring.
Maple Leaf's multi-year program to revamp meat operations to boost profits and better compete with U.S. rivals such as Tyson Foods Inc is expected to end next year.
The company's margins on hog production have been weak for several years due to high feed costs.
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