Tyson Foods Invests $425 Million in New Tennessee Poultry Complex
April 08 2021 - 4:15PM
Tyson Foods (NYSE: TSN) along with local, state and federal
officials met Thursday to officially open the company’s new poultry
complex in Humboldt, Tennessee. The $425 million project, which
includes a processing plant, feed mill and hatchery, represents
Tyson’s biggest investment in Tennessee and the single largest
corporate investment ever in Gibson County.
“We’re pleased to add to the growth in Gibson County with the
opening of our new 370,000 square foot processing facility,” said
Dean Banks, President and CEO, Tyson Foods. “We appreciate the
support of all those who played a role in making this facility
possible—the local community, county, state and our Humboldt team
members, who safely and responsibly produce high-quality protein
daily to help feed our nation and the world.”
“Tyson Foods started as a small family poultry business more
than 85 years ago, and today we are a recognized leader in
protein,” said John R. Tyson, chief sustainability officer and
member of the Tyson Family. “We are incredibly proud to make
western Tennessee the home of our first new poultry facility in 25
years and look forward to being part of the community and
supporting the local economy.”
Several hundred workers have been hired so far and are being
trained for the start of production later this month. The
processing plant, which is expected to employ more than 1,500 team
members by 2023, is located within the Gibson County Industrial
Park and will produce pre-packaged trays of fresh chicken for
retail grocery stores nationwide beginning in late April.
“The demand for Tyson chicken products continues to grow and
this plant will help us meet the needs of our customers and
consumers,” said Donnie King, Chief Operating Officer and Group
President, Poultry for Tyson Foods. “We’re excited to start this
new chapter with the people of western Tennessee who have been
extremely supportive of the project since day one.”
The payroll and payments to farmers from the new operation,
along with the purchase of grain and utilities, is expected to
generate an annual economic benefit to the state of Tennessee of
$150 million.
“With five facilities across Tennessee, Tyson Foods has an
enormous impact on our state’s agriculture industry and rural
communities,” said Tennessee Governor Bill Lee. “Job creation is
crucial to our continued economic success, and I thank Tyson for
its investment and commitment to Humboldt and West Tennessee.”
The company’s Humboldt feed mill, which will supply feed for
approximately 56 local poultry farmers, will employ 30 team members
and produce 14,000 tons of finished feed a week when production
reaches full capacity.
The Humboldt hatchery employs 30 team members and provides
chicks for local poultry farmers who supply broiler chickens to
Tyson.
This is the second major economic development project Tyson
Foods has initiated in Tennessee in recent years. In August 2017,
the company announced an $84 million expansion of its Union City
operations, which has added more than 200 jobs.
Including Union City, the company currently operates five
facilities in the state, employing about 5,000 people with an
annual payroll of more than $226 million. In its 2020 fiscal year,
Tyson Foods paid Tennessee farmers more than $61 million. The
company estimates its total statewide annual impact for fiscal
2020, including payroll, grain purchases, utilities, property taxes
and charitable contributions to be more than $428 million.
“Tyson Foods has been doing business in Tennessee for nearly 50
years and we’re committed to making a positive impact on Humboldt
and the entire region,” said Tom McCue, Humboldt complex manager.
“We appreciate the support of the local community as we’ve worked
toward this day and I’m excited to build a tradition of excellence
with our team members.”
About Tyson Foods, Inc.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, 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 TYSONFOODS.COM to learn
more.
Media Contact: DEREK BURLESON, 479-290-6466
Newsroom: IR
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