Growth Strategy Tyson expands around the globe
Tyson Foods 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 t of fully cooked poultry capacity, build on the company’s global growth strategy to become the leader in protein by serving emerging markets and strategic customers.
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’s new plant, part of a long-standing joint venture with GFPT Public Company Limited, is expected to bring more than 1,000 jobs.
Tyson Foods’ recent acquisitions and joint ventures have expanded the company’s 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 bn, in international sales, which included US export sales.
(Bild: Tyson Foods )
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(Bild: Tyson Foods, Inc.)