To accelerate vertical farming, McCain Foods Limited has announced an investment of approximately USD 75 million in TruLeaf Sustainable Agriculture and its wholly owned subsidiary GoodLeaf Farms. The funding will support GoodLeafs growth and expansion plans in Canada.
- GoodLeaf Farms, Canadas largest commercial vertical farming operation, to help drive the companys growth and expansion plans.
- The investment will help GoodLeaf establish a national network of sustainable vertical farms that will bring fresh, nutritious and delicious locally grown food to more Canadian consumers.
The prominent investments and expansions by McCain Foods are mentioned below:
July 2020: McCain Foods Australia had commenced construction on a renewable energy system that will reduce emissions from its Ballarat food processing facility by more than 27,000 tonnes of CO2 per year. The project, which will house Australias largest behind-the-meter renewable energy system, will subsidise McCains energy consumption in Ballarat by 39 per cent.
Nov2019: McCain Foods (Canada) had invested approximately $80 million towards the creation of a new Formed Potato Specialty production line at its existing Grand Falls, New Brunswick facility. The production expansion and creation of the new high-speed Formed Potato Specialty line enables McCain to meet the growing customer demand for the fast-growing market segment and also further strengthens the companys potato processing presence both in Canada and North America.
Oct 2019: McCain Foods USA, a leading supplier of frozen potato and snack food products across the country, celebrated the official start of construction of a 170,000-square-foot expansion at its Othello, Washington potato processing facility.
August 2019: Florenceville, New Brunswick – McCain Foods Canada, a division of McCain Foods Limited, announced an investment of $12 Million dollars in its potato processing facility in the French fry capital of the world, Florenceville, New Brunswick. This investment will add capacity to the existing line that produces French fries for the companys food service and retail business and will be completed in two phases, one starting in August and the second phase completing the project in early 2020.
About McCain Foods
McCain Foods, headquartered in Toronto, Canada, is an international leader in the frozen food industry. The company is the world’s largest manufacturer of frozen potato specialties, and also produces other quality products such as appetizers, vegetables, and desserts that can be found in restaurants and retail stores in more than 160 countries across the globe. The company has approximately 22,000 employees across the world.