Tyson: plans to expands in Brazil, China and Mexico

14-11-2007 | |

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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