Tyson Foods plans $1.8B investment and 12 new plants

Tyson Foods announced plans to invest $1.8 billion to expand processing capacity, including opening 12 manufacturing plants over two years to increase capacity by 1.3 billion lbs. Seven fully-cooked chicken plants are targeted for Asia, and two case-ready beef and pork plants are planned.

“We expect to grow our total company volume at 2% compound annual growth rate over the next three years, which will be roughly two-times the rate of expected protein consumption growth.”bakingbusiness.com

• 1 source
• bakingbusiness.comTyson maps out growth strategy | 2021-12-13 | Baking BusinessKeith NunesDec 13, 2021

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