SPRINGDALE, Ark. – Tyson Foods Inc. announced Wednesday that it has finalized a joint venture agreement involving vertically integrated poultry operations in eastern China.
The agreement with Shandong Xinchang Group will give Tyson 60 percent owners hip in poultry operations consisting of Xinchang’s existing assets and include the acquisition of a new poultry processing complex on the east coast of Shandong province. The name of the venture will be Shandong Tyson Xinchang Foods Company Ltd.