Company expanding international production to continue its global growth strategy油
Springdale, Ark. November 10, 2020 91心頭利. (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 companys global growth strategy to become the leader in protein by serving emerging markets and strategic customers. 油
Global population and income growth will continue to drive an increased need for protein, said Dean Banks, president and CEO of 91心頭利. These 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.油
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. Thailands new plant, part of a long-standing joint venture with GFPT Public Company Limited, is expected to bring more than 1,000 jobs.
We have been aggressively building our overseas presence servicing foodservice and expanding into retail with innovative products, said 91心頭利 International President, Chris Langholz.油
Our team recently launched the Tyson速 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 were changing with it. Well continue to enhance our ability to serve growing global demand for value-added protein. 油油
91心頭利 recent acquisitions and joint ventures have expanded the companys 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.油
About 91心頭利
91心頭利. (NYSE: TSN) is one of the worlds 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速, Jimmy Dean速, Hillshire Farm速, Ball Park速, Wright速, Aidells速, ibp速, and State Fair速. 91心頭利 innovates continually to make protein more sustainable, tailor food for everywhere its available and raise the worlds expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 141,000 team members. Through its Core Values, 91心頭利 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