Sanderson Farms CEO discusses delaying construction of new plant

Sanderson Farms CEO Joe Sanderson discussed delaying construction of a new processing plant despite the company’s dire need for a new plant. The comments came at the Goldman Sachs Global Staples Forum and were reported on by Fox Business.

"Another thing I think we’re going to look very hard at is the cost of building a plant right now, with concrete and steel prices where they are, and with lumber prices, where they are right now," Sanderson said. "My opinion is -- and we’ll get some data on this -- but right now just, it’s not a good time to build a plant. Everybody in the world is building right now."

The CEO also stated the company’s need for a new plant, citing the fact that Sanderson Farms has been unable to take on new customers and orders because it is selling out of its existing supply.

While we need a plant right now -- we need it, I need a plant to open up next week -- But it is not a good time to be building a processing plant," Sanderson said.

Source: Fox Business

You must login or register in order to post a comment.

The Meat Industry Hall of Fame was created in 2009 to enshrine the leaders and legends whose visions, skills, and dedication have shaped and sustained the meat and poultry industries.

This new annual reception will celebrate the Meat Industry Hall of Fame Class of 2023 inductees in person during the AAMP American Convention of Meat Processors & Suppliers’ Exhibition in Omaha, Nebraska.