Dive Brief:
- Tyson Foods is expanding its plant in Vienna, GA, which will be about a $110 million project and more than 500 jobs will be added.
- The Vienna plant formerly supplied chicken to food service customers, but now it will manufacture fresh tray-pack chicken for retail customers in the region.
- The renovation will add about 100,000 square feet to the plant and include improvements like "new equipment and production lines, as well as processes and technology designed to improve food safety, quality and workplace safety," according to Food Business News.
Dive Insight:
Tyson has been on a roll recently in terms of expansion and financial growth. In November, Tyson announced yet another EPS record quarter and fiscal year, having reported a 24% increase in fourth quarter adjusted earnings. With that announcement, Tyson assured investors that growth would continue, including higher-than-expected profits due to expensive meat and cheaper feed. A few weeks later, Tyson affirmed that, "We're built for growth" at the company's Investor Day.