SIOUX CITY, Iowa, May 14, 2015 /PRNewswire/ -- Seaboard Foods
and Triumph Foods announced today the formation of a joint venture,
with equal ownership, to construct a new pork processing facility
in Sioux City, Iowa, with site
work expected to begin this summer and construction completed by
July 2017.
The plant is expected to process about 3 million market hogs
annually operating a single shift and employ approximately 1,100
persons, including approximately 200 salaried positions and 900
hourly production positions. The plant will be built on property in
the Bridgeport West Industrial Park in Sioux City, located north of the Sioux Gateway
Airport along the Missouri River.
A full line of fresh pork products for international, retail,
food service, and further processing markets will be produced.
Seaboard Foods will market and sell the pork produced by the plant.
Currently, Seaboard Foods markets and sells fresh pork processed by
Triumph Foods' St. Joseph, Mo.,
and Seaboard Foods' Guymon, Okla.,
plants to domestic markets under the PrairieFresh®
Premium Pork brand and international markets under the Seaboard
Farms® and St. Joe Pork® brands.
"Today's announcement marks another step in strengthening our
business partnership and position as a leading integrated food
system providing customers domestically and throughout the world
with premium pork focused on the highest standards for food safety
and pork quality consistency," says Terry
Holton, Seaboard Foods president and CEO. "We look forward
to the new opportunities the plant will bring to our customers as
well as the Sioux City
region."
Mark Campbell, Triumph Foods CEO,
adds, "When we started inquiring about expanding our business, we
recognized the strong commitment and willingness to welcome Triumph
Foods and Seaboard Foods to the city. Local leaders have built a
business environment poised to bring growth to the region. We look
forward to the new pork processing facility being part of that
growth, and its staff being actively involved in the Sioux City community."
Triumph Foods is owned exclusively by pork producers and
Seaboard Foods is a wholly-owned subsidiary of Seaboard Corporation
(NYSE MKT: "SEB"). Triumph Foods and Seaboard Foods are integrated
food companies, with farm operations and pork processing,
controlling the entire process every step of the way from before
the farm to the plate. Together, Seaboard Foods and Triumph Foods
have aligned their farm operations and pork processing, including
genetics, pig nutrition, animal care, food safety and product
quality, to ensure consistent, wholesome premium pork products to
its customers. If the two companies were considered as a single
combined entity, they would comprise the second largest hog
producer, a top 5 U.S. pork processor, and a leading exporter of
U.S. pork.
In addition to the new plant, Seaboard Foods and Triumph Foods
own Daily's® Premium Meats that has bacon processing
plants in Salt Lake City and
Missoula, Mont., and a third plant
under construction in St. Joseph,
Mo. Daily's markets and sells a variety of processed pork
items from signature honey cured bacon to applewood smoked bacon to
naturally smoked hams to breakfast sausages. The new pork
processing plant will supply raw materials for Daily's operations
in addition to the Guymon and
St. Joseph plants.
Sioux City was selected because
of the existence of a shovel-ready industrial site location,
transportation infrastructure, availability of market hogs in the
region, and the pro-business environment city leaders, the Iowa
Economic Development Authority and the state of Iowa demonstrated throughout the site
selection process.
Both Seaboard Foods and Triumph Foods share a strong commitment
to stewardship and community involvement. Focused on being good
neighbors, the pork processing facility will include a modern
architecture design, customized landscaping for beautification and
buffering from neighbors, and modern odor abatement technologies,
as well as other environmentally friendly design features. Also,
Triumph Foods and Seaboard Foods have made a commitment for the
plant to support local civic and charitable organizations and
community events.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/seaboard-foods-and-triumph-foods-announce-plans-to-build-new-pork-processing-plant-300083456.html
SOURCE Seaboard Foods