Meat processing company Tyson Foods (ticker: TSN) reported Q3 2005 earnings results yesterday. Here is a look at Tyson's strategic plan for selling meat in China from Chairman and CEO John Tyson and International President Greg Lee (during management's Q3 2005 earnings results conference call):
....In China, our domestic sales volumes continued, to grow supported by increased demand in the wholesale, retail and food service markets. Our new retail line in the Shanghai market has enjoyed favorable acceptance for both customers and consumers. Wal-Mart opened their first supercenter in Shanghai this past week, and we have eight items in that new store. We're adding two additional new items to our retail product line, and as well we are selling additional products into the deli sections of the moderate supermarkets in the Shanghai area. We will begin selling our retail line into the Quanzhou (Guangzhou?) area of South China during the month of September. Our new further processing addition came on line in May, and this will double the capacity of our further processing plant. We continue to actively explore multiple options for supporting growth in China through joint ventures, strategic partnerships and acquisitions.
....In China, I think we all know the excitement that's going on in China. We believe we can bring some of our skill sets and consolidation skills and ago cultural production techniques and have been looking to enter a little bit further in the production cycle there, not just in the value-added chains....
(Quotes are from the CCBN StreetEvents transcript.)
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