Tyson Foods to Expand Arkansas Poultry Operation

Rhea-AI Summary

Tyson Foods is investing $48 million in a project to expand its poultry operations at the Pine Bluff plant, which is set to create nearly 70 jobs upon completion in late 2021. This investment aims to enhance capacity for fully cooked chicken products, including tenders and wings, and to integrate automated processes. The facility, employing over 1,100 workers, has raised starting wages to at least $15 per hour and significantly contributes to Arkansas's economy, with an annual impact of $2.1 billion.

Positive

• Investment of $48 million to expand poultry operations.
• Creation of nearly 70 jobs.
• Enhancement of capacity for fully cooked chicken products.
• Integration of automated processes for efficiency.
• Increase in starting hourly wages to at least $15.
• Annual economic impact in Arkansas estimated at $2.1 billion.

Negative

• None.

Nearly 70 jobs to be created by $48 million project

SPRINGDALE, Ark., April 22, 2021 (GLOBE NEWSWIRE) -- Tyson Foods (NYSE: TSN) will invest $48 million as part of its commitment to accelerate the long-term growth of its poultry business and continued success of its Pine Bluff, Arkansas, poultry plant, company officials said today. Nearly 70 jobs will be created by the project, which is expected to be complete by late 2021.

“The demand for convenient, high-quality chicken products continues to grow and we’re investing in projects that meet the needs of our customers and consumers,” said Donnie King, Chief Operating Officer and Group President, Poultry for Tyson Foods. “We’d like to thank the Arkansas Economic Development Commission and the Economic Development Alliance for Jefferson County for their assistance and support of this project.”

The project will increase capacity to the plant’s fully cooked processing lines that in part produces chicken tenders, chicken strips, boneless and bone-in wings and air-fried products. The investment will also add automated processes to product packing lines.

“Since John H. Tyson spotted an opportunity in the 1930s and expanded his local deliveries from Northwest Arkansas to St. Louis, Kansas City and Chicago, Tyson Foods has built its name on the company’s ability to see a need early and fill it with a quality product,” said Arkansas Governor Asa Hutchinson. “Nearly 100 years later, the family and the company continue the tradition, which has made life better for the thousands of people who have worked for company, and the millions of people who enjoy their products.”

The Pine Bluff plant and related operations were built by Tyson Foods and opened in 1991. It makes fully cooked chicken products for food service and retail customers, such as grocery stores and quick serve restaurants. The facility employs more than 1,100 people and paid nearly $47 million in wages during its 2020 fiscal year. Annual payout for farmers who raise chickens for the plant was more than $27 million. The company recently raised starting hourly wages at the facility to at least $15 an hour.

“Tyson Foods is a homegrown company that has forever altered the economic landscape in Arkansas,” said Mike Preston, Secretary of Commerce and Executive Director of the Arkansas Economic Development Commission. “Poultry production is responsible for about 25 percent of the agriculture jobs in Arkansas, making the state one of the top five broiler producer states in the country. This expansion is a direct reflection of Tyson’s commitment to the Pine Bluff community and the confidence they have in our workforce.”

“Tyson Foods has been an economic driver for many years in Jefferson County,” said Allison J.H. Thompson, President and CEO, Economic Development Alliance for Jefferson County, Arkansas. “We are excited about their upcoming expansion and have enjoyed working with their team to support this project.”

The company employs more than 24,000 people across Arkansas with an annual payroll of more than $1.4 billion. Tyson Foods paid Arkansas poultry growers more than $237 million in its 2020 fiscal year and estimates its total statewide impact to be $2.1 billion.

About Tyson Foods, Inc.

Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 139,000 team members. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit TYSONFOODS.COM to learn more.

Media Contact: DEREK BURLESON, 479-290-6466

Newsroom: IR

FAQ

What is the investment amount for Tyson Foods' poultry project?

Tyson Foods is investing $48 million in its poultry project.

How many jobs will be created by the Tyson Foods project?

The Tyson Foods project will create nearly 70 jobs.

What is the expected completion date for the Tyson Foods expansion?

The Tyson Foods expansion is expected to be completed by late 2021.

What products will the Pine Bluff plant produce after expansion?

The Pine Bluff plant will produce fully cooked chicken products, including tenders and wings.

How many employees does Tyson Foods have in Arkansas?

Tyson Foods employs more than 24,000 people across Arkansas.