In a November 10th release, Dean Banks, president and CEO of Tyson Foods announced investment in new production facilities in China and Thailand in addition to expansion of a plant in the Netherlands, contributing to global growth strategy in protein products.
Banks stated, "global population and income growth will continue to drive an increase need for protein". He added, "these investments allow us to increase our in-country operations and global export capabilities helping us bring more safe, high-quality protein for consumers in these countries as well as for customers in other parts of the world".
Tyson is expanding internationally by investment in new facilities and joined ventures. Expansion has and will take place in China, India, Thailand, Malaysia, Australia, South Korea, the Netherlands and Brazil.
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Dean Banks CEO |