Tyson Foods is investing in one of the US-based meat major’s poultry plants for its branded cooked chicken products.
Almost 50 jobs will be created at the firm’s facility in Vicksburg, Mississippi, on the back of a US$61m cash injection to increase capacity for its “Tyson retail brand” of cooked chicken supplied to the retail and foodservice sectors.
Go deeper with GlobalData
The investment is “part of the company’s commitment to meet increasing demand for protein and deliver on its strategy of accelerating long-term growth of the Tyson retail brand”, the Arkansas-headquartered business said in a statement, adding it expects to complete the project by the coming summer.
Tyson will be provided with “assistance for infrastructure improvements” from the Mississippi Development Authority, while Warren County and Entergy Mississippi is also “assisting with the project”, the publicly-listed company said.
David Bray, Tyson’s group president for poultry, said: “The demand for convenient, high-quality chicken products continues to grow…We are pleased to invest in our business as we invest in the great state of Mississippi. We’d like to thank the Mississippi Development Authority and Warren County for their assistance and support of this project.”
The Vicksburg plant currently employs around 500 people.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn August, Tyson announced the company planned to set up a new manufacturing site for poultry products in Virginia, where it already has two plants, to meet growing demand for protein.
The facility in Danville is scheduled to start production in the spring of 2023 and will mainly produce fully-cooked Tyson-branded chicken products. The project is expected to create around 400 jobs.
