Cal-Maine Foods Approved $40M In New Capital Projects To Further Expand Plans For Additional Cage-Free Production Capabilities
Portfolio Pulse from Benzinga Newsdesk
Cal-Maine Foods, Inc. (NASDAQ:CALM) has approved $40 million in capital projects to expand its cage-free production capabilities. The projects will add five new cage-free layer houses across several states, increasing capacity by 1 million hens by late summer 2025. Additionally, the company is converting former Tyson Foods facilities in Missouri to further boost production.
October 07, 2024 | 8:10 pm
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Cal-Maine Foods is investing $40 million to expand its cage-free production capabilities, adding significant capacity by 2025. This move aligns with industry trends towards cage-free eggs and could enhance the company's market position.
The $40 million investment in cage-free production aligns with consumer trends and regulatory shifts towards cage-free eggs, potentially boosting Cal-Maine's market share and revenue. The conversion of Tyson facilities further supports this strategic expansion.
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