Tyson to Open Chicken Plant in China
February 13, 2008
The Associated Press reported recently that Tyson Foods Inc. said it is partnering with a Chinese poultry breeding company to run a chicken processing plant near Shanghai.
Springdale-based Tyson announced at its shareholders meeting that it was forming a joint venture with Jiangsu Jinghai Poultry Industry Group Co. Ltd., to raise, process and sell chickens in east China under the Tyson brand name. Terms of the agreement were not disclosed, but Tyson will own 70 percent of the venture.
The companies expect Jiangsu Tyson Foods in Haiman City, near Shanghai, will begin operations next year. The plant is expected to initially produce 400,000 birds a week with plans to increase to 1 million birds a week.
Tyson already has a joint venture in China that produces processed chicken, such as nuggets. The company also has part ownership in a pork processing plant in China.