Tyson Foods Inc. (NYSE: TSN), one of the largest meat suppliers, plans to open new poultry meat production facilities with a total annual capacity of approximately 100 thousand tones in China, Thailand and the Netherlands.
Tyson Foods’ mission is to become a global leader in the supply of different forms of meat. According to the company, its foreign revenue, including both local production and exports from the United States, reached $5.4 billion last year.
Tyson Foods is increasing its investment in new manufacturing facilities to enhance its leadership. New companies will open in three more countries in the near future. It is expected that new plants in China, Thailand and the Netherlands will grow sales of fully cooked poultry in these regions.
Expanding into various markets is part of the diversified overall growth strategy of Tyson Foods, which ranges from rising poultry production in the Asian region to testing meat alternatives based on plants. A new trend in the field of public catering is vegetable meat, so Tyson Foods can’t avoid it. The company has recently accelerated the production of new product lines, including products under the Raised & Rooted brand without animal proteins. Tyson Foods’ artificial meat is now available in 5,000 U.S. retail stores.
Tyson Foods is one of the main suppliers of chicken, beef, and pork to convenience outlets, fast food chains, and full-service restaurants in the United States today. Frozen and fully cooked chicken, beef and pork items, meat fillings for the pizza industry and supermarket frozen pizza, ground beef and more are also manufactured by the company. The company partners with several popular brands including McDonald’s, Burger King, Kroger, Wal-Mart and YUM! Brands.
Stock of Tyson Foods Inc. (NYSE: TSN) rose 2.50 percent on Friday to close at $62.35.