Tyson Foods, a large American producer of meat products, plans to invest in the opening of a meat processing complex in Kazakhstan. This was reported in the press service of the government of the republic. The agreement was concluded by the head of the republic Askar Mamin, the president of the company Noel White and its head of the board of directors John Tyson. We are talking about an object with a capacity of two thousand head of cattle per day. One and a half billion dollars will be allocated for construction. The project will be implemented within two years. During this time, it is planned to build several plants in the north, south and center. Read more...
Tyson Foods plans to invest in the beef sector in Kazakhstan, according to sources from inside quoted by Reuters, as the ex-Soviet country represents a perfect hub for entering the Chinese market. An initial investment of $200 million will be directed to build a processing plant in Kazakhstan but this is just a part of a total investment plan of multibillion dollars. People with knowledge of the discussions mentioned that Tyson wants to reach a total production of beef of 5 million tonnes per year to capitalize on the Asian markets hit by the ASF outbreaks such as China, Vietnam, Cambodia. Experts are convinced that the pork prices in the Chinese market will. Read more...
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