Entering text into the input field will update the search result below

Tyson's plan for selling meat in China (TSN 3Q05 conf call quotes)

Aug. 02, 2005 11:00 AM ETWalmart Inc. (WMT) Stock
Ezra Marbach profile picture
Ezra Marbach

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.)

Not subscribed to The China Stock Blog? You can get updated headlines for free by adding The China Stock Blog to your My Yahoo page. Just log into your My Yahoo
page, then go to The China Stock Blog and click on the "+ My Yahoo"

This article was written by

Ezra Marbach profile picture
Ezra Marbach is a former investment banker who lived in Beijing in 2002-03 where he studied Mandarin Chinese and worked for a venture capitalist. Ezra previously worked for Internet-based venture capital firm UniversityAngels.com. Prior to that, he worked in the corporate finance department of Gerard Klauer Mattison, a NY-based boutique investment bank. Ezra graduated from Cornell University.

Recommended For You


Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About WMT Stock

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on WMT

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.