Tyson Foods Expanding Case-Ready Meat Production with South Carolina Plant
March 17 2021 - 6:55AM
As part of its strategy to increase production of consumer ready
products, Tyson Foods, Inc. (NYSE: TSN) is expanding its case-ready
meats business by repurposing plant capacity in South Carolina.
The company plans to reopen an idle Tyson-owned
facility in Columbia and convert it into a meat-cutting facility
that will produce retail ready, portioned packages of sliced, fresh
beef and pork, as well as ground beef, for grocery and club stores
in the eastern U.S.
“We’re pleased to bring operations back to Columbia
and are very grateful for the strong state and local support we’ve
received for this project,” said Nate Hodne, senior vice president
and general manager of the Portioned Protein Innovations team for
Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods.
“Once operational, this new facility will help us meet growing
demand from our retail customers with high quality, pre-cut,
pre-packaged fresh beef and pork.”
Initially Tyson will invest approximately $42
million to transform the facility into a meat portioning and
packaging operation that is currently expected to begin production
in May 2021. Over the next three to five years the company plans to
invest in additional improvements and production equipment at the
facility with a total investment estimated at $55 million. The new
operation will employ 330 people, more than double the number of
team members who worked at the facility when it closed in August
2020.
“Tyson Foods’ initial $42 million investment,
and the 330 jobs that will result from it, will help continue South
Carolina’s tremendous economic growth,” said Governor Henry
McMaster. “We look forward to continuing our state’s fruitful
partnership with Tyson and to their continued commitment to South
Carolina and our people.”
“Tyson Foods’ reinvestment in the Columbia plant
highlights South Carolina’s strategic and geographic importance to
agribusiness,” said South Carolina Commissioner of Agriculture Hugh
Weathers. “As we continue to grow the agribusiness industry in the
Palmetto State, we’re happy to have Tyson as our partner.”
Tyson Foods’ case-ready beef and pork business
currently operates plants in Iowa, Tennessee and Texas and plans to
open a new facility in Utah later this year. The operations are
called case-ready, because the packaged meat produced by the Tyson
facilities are ready to be placed directly in the refrigerated meat
case at grocery and club stores.
About Tyson Foods Tyson
Foods, Inc., (NYSE: TSN) is one of the world’s largest food
companies and a recognized leader in protein. Founded in 1935 by
John W. Tyson and grown under three generations of family
leadership, the company has a broad portfolio of products and
brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®,
Wright®, Aidells®, ibp®, and State Fair®. Tyson Foods
innovates continually to make protein more sustainable, tailor food
for everywhere it’s available and raise the world’s expectations
for how much good food can do. Headquartered in Springdale,
Arkansas, United States, the company has 139,000 team members.
Through its Core Values, Tyson Foods strives to operate with
integrity, create value for its shareholders, customers,
communities and team members and serve as a steward of the animals,
land and environment entrusted to it. Visit www.TysonFoods.com
Contact: Liz Croston, 605-235-3657
Category: IR, Newsroom
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