View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 11, 2021

Tyson Foods adds jobs with US poultry plant investment

Tyson also recently announced 400 potential jobs in Virginia where a new poultry plant will be constructed.

Tyson Foods is investing in one of the US-based meat major’s poultry plants for its branded cooked chicken products.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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.

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.

In 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.

 

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food