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

Or register to be able to comment.