Home
News
586 views
Cham Foods setting up Iowa egg venture
It has been reported that Champ Foods will invest US$30 mln in an Iowa
poultry farm and egg products plant.
Champ Foods unit Primera is setting up a poultry and egg joint venture in
Wright, Iowa, with a combined investment of $60 mln, with each party owning
equal shares.
Cham Foods operates in Israel, Turkey, and the US. Its US activity is
handled through Primera, a manufacturer of powdered eggs and egg products, which
accounts for 66% of its revenue.
The joint venture, which will be managed by the Iowa Poultry Association,
will reportedly have 4 mln chickens and an egg breaking factory that will
produce the raw materials for the plant.
Editor WorldPoultry
To comment, login here
Or register to be able to comment.