Maple Leaf Foods is meeting the growing global demand for plant-based protein by constructing a new $310 million food processing facility in Indiana.
The 230,000 sq ft facility will double the company’s current production capacity and support a “rich pipeline of innovation” to meet increasing consumer demand and fuel market growth.
It will produce tempeh, franks, sausages and raw foods – including the recently launched Lightlife Burger.
The company will also invest approximately $26 million to keep pace with ongoing growth in demand at its existing facilities.
“This investment will secure our ongoing leadership in this rapidly expanding market. By establishing a large-scale North American network, we will continue to meet rapidly growing demand for delicious protein alternatives and create a centre of excellence for innovation” said Michael H. McCain, President and CEO of Maple Foods.
“It will escalate the financial contribution of this business and advance Maple Leaf’s vision to be the most sustainable protein company on earth.”
The new Shelbyville-based facility will be supported by approximately $50 million in government and utility grants and incentives, including $9.6 million toward capital and one-time start-up costs, and approximately $40 million in 10-year operational support.
Construction is expected to start in late spring of 2019, with production start-up expected in the fourth quarter of 2020.