Tyson Foods Accepts Invitation to Expand Chicken Production in Western Tennessee
November 20 2017 - 11:05AM
Tyson Foods, Inc. (NYSE:TSN) has accepted the invitation of city,
county and state leaders to build a new chicken production complex
in the City of Humboldt, which is part of Gibson County in western
Tennessee. The announcement was made this morning at a news
conference hosted by Tennessee, Humboldt and Gibson County
officials.
The $300 million project is expected to create more than 1,500
local jobs once the new complex begins operations in late 2019 and
will help the company meet strong consumer demand for its
chicken.
“This is an historic day for Humboldt, Gibson County and West
Tennessee,” Humboldt Mayor Marvin Sikes said. “I want to thank
Tyson Foods for their commitment to our community and
region. The significant job creation and capital investment
that will result from this project will have a positive impact on
our community that will last for many years, and I could not be
more excited about the future of Humboldt and Gibson County.”
“Many years of dedicated work from countless Gibson County
citizens and volunteers have laid the foundation for the arrival of
this day,” Gibson County Mayor Tom Witherspoon said. “There is not
a doubt in my mind that Tyson Foods’ tremendous job creation and
capital investment will have a long lasting, positive impact in
Gibson County that will ring in a new era of economic growth
bringing opportunity for all of our citizens.”
“Our company has been successfully producing chicken in
Tennessee for more than 45 years, so we’re pleased to expand our
presence in the state with this major investment,” said Doug
Ramsey, group president of Poultry for Tyson Foods. “We’re grateful
for the invitation to become part of Humboldt and Gibson County.
The location is attractive to us because of the strong support
we’ve received from state and local leaders, the existing
industrial park and availability of labor, as well as access to
feed grains produced in the region.”
Tyson Foods chose western Tennessee over potential sites in
other states; however, company officials say some of those other
sites will remain under consideration for future poultry production
expansion.
“I want to thank Tyson Foods for choosing Humboldt as the
location for its new operations and for creating more than 1,500
new jobs in Gibson County,” Governor Bill Haslam said. “The new
facility will be Tyson’s fifth location in Tennessee and it means a
great deal that a company of this magnitude will continue to grow
its footprint in our state. I appreciate Tyson for its continued
commitment to Tennessee and for helping us become one step closer
to our goal of making Tennessee the No. 1 location in the Southeast
for high quality jobs.”
This is the second major economic development project Tyson
Foods has initiated in Tennessee this year. In August, the company
announced an $84 million expansion of its Union City operations,
which is expected to create about 300 jobs, which is in addition to
the more than 1,000 jobs currently at the facility.
Including Union City, the company currently operates four
facilities in the state, employing about 5,000 with an annual
payroll of more than $181 million. In its 2016 fiscal year, Tyson
Foods paid Tennessee farmers more than $61 million. The company
estimates its total statewide annual impact for fiscal 2016,
including payroll, grain purchases, utilities, property taxes and
charitable contributions to be more than $313 million.
About the ProjectThe new plant will produce
pre-packaged trays of fresh chicken for retail grocery stores
nationwide and is expected to process 1.25 million birds per week,
increasing Tyson Foods’ overall production capacity by the same
amount. The payroll and payments to farmers from the new operation,
along with its purchase of grain and utilities, is expected to
generate an annual economic benefit to the state of Tennessee of
$150 million.
A chicken complex is comprised of a processing plant, hatchery,
a feed mill and related operations. Tyson Foods will build these in
and around Humboldt. The plant will be located within the Gibson
County Industrial Park, just north of Humboldt and the company will
contract with area farmers to raise chickens. Outside contractors
will help build the project; Tyson Foods expects it will involve
hundreds of workers.
“This project will enable us to provide even more fresh chicken
to consumers across the country,” said Tom Hayes, president and CEO
of Tyson Foods. “As one of the world’s leading protein companies,
we continue to raise the world’s expectations of how much good food
can do.”
Contact information
- Farmers and ranchers who have interest in raising chickens for
the new poultry complex are encouraged to e-mail
TennesseeProjectFarmers@tyson.com
- Farmers who have interest in selling Tyson Foods local grain
for feed should e-mail LocalGrainServices@tyson.com
- Contractors who have interest in construction of the complex
should e-mail TennesseeProjectConstruction@tyson.com
- Companies that wish to be suppliers for the project or related
operations should e-mail TennesseeProjectSupply@tyson.com
- It will be several months before the company will hire team
members, but people who want to work for Tyson Foods are encouraged
to frequently check the Tyson Foods Careers website
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 122,000 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.
Forward-looking StatementsCertain information
contained in the press release may constitute forward-looking
statements, including but not limited to statements relating to
expected (i) consumer demand for certain products that we produce,
(ii) construction expense and production timeframes and capacities,
and (iii) labor and grain availabilities. These forward-looking
statements are subject to a number of factors and uncertainties
which could cause our actual results and experiences to differ
materially from the anticipated results and expectations expressed
in such forward-looking statements. We caution readers not to place
undue reliance on any forward-looking statements, which speak only
as of the date made. Among the factors that may cause actual
results and experiences to differ from anticipated results and
expectations expressed in such forward-looking statements those
factors listed under Item 1A. “Risk Factors” included in our Annual
Report filed on Form 10-K for the period ended September 30,
2017.
Contact: Worth Sparkman, 479-290-6358,
worth.sparkman@tyson.com
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