Tyson: plans to expands in Brazil, China and Mexico
Tyson Foods, Inc. has revealed expansion plans in
South America, China and Mexico with a focus on increasing international sales
from $3 billion in 2007 to $5 billion in 2010.
Tyson believes that establishing operations in other countries would be the
key to achieve the objective. The company has a letter of intent in place
to buy a mid-size vertically integrated poultry business in Brazilian and has
reached preliminary deals for two joint venture poultry operations in China,
which is likely to make the company one of the first companies in the country to
offer a full line of poultry products.
Additionally, the Springdale, Arkansas-based company said it looking at the
expansion of Tyson de Mexico, the Mexican poultry subsidiary of Tyson Foods,
exploring possibilities to significantly increase production at the chicken
processing operations in Mexico.
Rick Greubel, Group Vice President and President of Tyson International,
"Our global strategy is to target countries where we see the consumption of
protein growing rapidly. This includes gaining access to new markets, as well as
expanding business with our existing international customers."
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