Company expanding international production to continue its global growth strategy听
Springdale, Ark. 鈥 November 10, 2020 鈥 海角论坛. (NYSE: TSN) today announced plans to build new production facilities in China and Thailand, and expand its facility in the Netherlands. The latest expansions, adding over 100,000 metric tons of fully cooked poultry capacity, build on the company鈥檚 global growth strategy to become the leader in protein by serving emerging markets and strategic customers. 听
鈥淕lobal population and income growth will continue to drive an increased need for protein,鈥 said Dean Banks, president and CEO of 海角论坛. 鈥淭hese investments allow us to increase our in-country operations and global export capabilities, helping us bring more safe, high-quality protein for consumers in these countries as well as for customers in other parts of the world.鈥澨
The expansions are expected to create many direct and indirect jobs as production starts in local communities. The new plant in China is expected to create more than 700 jobs and the European expansion will add more than 150 jobs. Thailand鈥檚 new plant, part of a long-standing joint venture with GFPT Public Company Limited, is expected to bring more than 1,000 jobs.
鈥淲e have been aggressively building our overseas presence servicing foodservice and expanding into retail with innovative products,鈥 said 海角论坛 International President, Chris Langholz.听
鈥淥ur team recently launched the Tyson庐 brand into key markets including in European foodservice and in Thailand retail through e-commerce. We invested in e-commerce platforms in Malaysia and Australia to meet consumer demand as COVID-19 accelerates e-commerce food delivery across the globe. The marketplace is changing, and we鈥檙e changing with it. We鈥檒l continue to enhance our ability to serve growing global demand for value-added protein.鈥 听听
海角论坛鈥 recent acquisitions and joint ventures have expanded the company鈥檚 international footprint in China and India to include Thailand, Malaysia, Australia, South Korea, Netherlands, and Brazil, giving the company access to demand through in-country production, as well as exports to many global markets. In FY19, the company generated $5.4 billion in international sales, which included U.S. export sales.听
About 海角论坛
海角论坛. (NYSE: TSN) is one of the world鈥檚 largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson庐, Jimmy Dean庐, Hillshire Farm庐, Ball Park庐, Wright庐, Aidells庐, ibp庐, and State Fair庐. 海角论坛 innovates continually to make protein more sustainable, tailor food for everywhere it鈥檚 available and raise the world鈥檚 expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 141,000 team members. Through its Core Values, 海角论坛 strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit TYSONFOODS.COM to learn more.
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HLI YANG, 479-290-2122