Tyson Foods to Aggressively Boost Chinese and European Poultry Production

Addressing the vigorous, worldwide growth in protein demand, Tyson Foods (NYSE: TSN) announced today it intends to build big new poultry-processing facilities in Thailand, China, and the Netherlands. The company says these will create hundreds of local jobs, but more importantly from an investing perspective, will also allow Tyson to pump 100,000 metric tons, or about 220 million pounds, of processed fowl into both the Asian and European markets.

Tyson declares it aims to become "the leader in protein." CEO Dean Banks says the new production-facility "investments allow us to increase our in-country operations and global export capabilities." The plants will churn out fully cooked poultry for sale in each region.

Image source: Getty Images.

Source Fool.com