GFM Network News

Saputo to build new Vancouver-area processing plant

Canadian dairy giant Saputo plans on further “maximizing its manufacturing footprint” in Canada in the next few years, starting with a new $240 million Vancouver-area processing plant at Port Coquitlam. The “state-of-the-art” plant is expected to be built within the next three years and commissioned in fiscal 2021, the company said in its fiscal 2018 […] Read more

Saputo earnings up with weaker loonie

Reuters — Saputo, one of Canada’s largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 per cent to $175.4 million, or 44 cents a share. Revenue during the quarter, which ended Dec. 31, rose 2.8 per […] Read more