Smithfield Foods, the US meat group, has set out a new tranche of goals on sustainability, building on targets it laid out in 2010. Ben Cooper spoke with Stewart Leeth, vice president of regulatory affairs and sustainability, about the company's progress over the past five years and the launch of the new targets.
China-based meat processor WH Group has booked a 17% rise in profits, boosted by what the company said was record earnings derived from its domestic market and the US, where it owns Smithfield Foods.
US meat group Smithfield Foods has unveiled a "far-reaching goal" to reduce greenhouse gas emissions by 25% across its entire supply chain, "from feed grain to packaged bacon", by 2025.
US meat group Smithfield Foods is to acquire Hormel Foods' Clougherty Packing, the parent company of Farmer John and Saag's Specialty Meats, as well as two processing facilities and three farms.
Smithfield Foods is introducing seven new products in the US aimed at encouraging consumers "to explore the latest in cooking trends and flavour innovation".
WH Group, the China-based meat processor and owner of US business Smithfield Foods, saw sales and profits rise in the first half of its financial year, with earnings from its fresh pork arm rising rapidly.
WH Group, the world's largest pork processor, reported mixed numbers for fiscal 2015 as lower financing costs lifted the bottom line despite issues at its hog unit and lower sales.
Smithfield Foods has announced CEO Larry Pope is to retire from the US pork processor at the end of the year.
Meat group Smithfield Foods today (20 August) announced that Kenneth Sullivan, currently EVP and chief financial officer, has been named president and chief operating officer. Glenn Nunziata will succeed him as CFO.
WH Group, the China-based meat processor and owner of Smithfield Foods, saw revenue slide and reported mixed profits in the first half of the year amid lower sales from packaged meats and falling earnings from fresh pork.
Smithfield-owner WH Group has divested in its entire stake of in Campofrio, with funds to be used to pay down debt.
Smithfield Foods is investing US$9m to expand production of its Curly's brand, which includes pre-cooked BBQ products such as pulled pork, beef and chicken.
Smithfield Foods has started building a bacon slicing plant in Wisconsin as part of the US meat group's plans to grow its packaged meats business.
US pork processor Smithfield Foods has reported a jump in annual profits, as sales growth across all of its divisions offset higher raw material costs.
Romania has secured for the first time the green light from China to ship frozen pork imports to the country.
Smithfield Foods has announced a restructuring of its organisation, a move that will see the US-based meats group managed across four divisions.
Smithfield Foods, the US pork producer owned by China's WH Group, reported a leap in third-quarter earnings on higher meat prices and increased packaged sales.
Chinese pork processor WH Group booked a surge in earnings in its first set of interim results as a listed company, boosted by last year's acquisition of US pork giant Smithfield Foods.
US pork processor Smithfield Foods has reported higher half-year profits, pointing to demand at home and abroad.
Spain-based meats group Campofrio has booked a half-year loss but claimed it was on the right track after seeing sales and EBITDA increase year-on-year.
WH Group, the world's largest pork processor, has relaunched plans for a listing in Hong Kong.
US pork processor Smithfield Foods has revealed it will build four meat processing plants in China.
Chinese pork processor WH Group has abandoned plans to list in Hong Kong, citing poor market conditions and volatility.
Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.
WH Group, the world's largest pork producer, has announced plans to list in Hong Kong in an initial public offering that could raise more than HK$42bn (US$5.3bn).
WH Group, formerly Shuanghui International, has declined to comment on reports it is preparing to list in Hong Kong.
Rumours Chinese pork giant WH Group is eyeing acquisitions, particularly in the US, have surfaced.
Western Australia is strengthening its ties to China via the food industry.
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