TSN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TSN. The Company announced on August 16, 2017, its plans to invest $84 million for the expansion of its Union City, Tennessee poultry plant. This move indicates Tyson Food's commitment to the continued success of its Union City plant. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TSN. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=TSN

Expansion Driven by Increasing Consumer Demand

Doug Ramsey, group president of poultry at Tyson Foods conveyed that the customer and consumer demand for protein, particularly chicken, is rapidly increasing. The Company is thus, investing in projects that expand its strengths, built its capabilities and increases its capacity. He said expansions liked these would help the Company grow and support customers better.

Alongside, he mentioned that Tyson Foods is pleased to invest in such a community. On behalf of the entire Tyson Foods team, he thanked the Tennessee Valley Authority, the Tennessee Department of Economic and Community Development, and the Northwest Tennessee Economic Development Council for their assistance and support for this project.

Details about the Expansion

The expansion project, which is expected to start this fall, will augment the capacity of the plant's existing harvest area, addprocessing lines, as well as upgrade the supporting operations at the hatchery, feed mill, and in transportation.

A total of about 25,000 square feet will be added to the plant facility. The expansion project is forecasted to create 300 additional jobs and be completed by 2019.

In order to meet the new capacity of the facility, approximately 200 more broiler chicken houses will need to be built in northwestern Tennessee within the next two years, according to an estimate by Tyson Foods.

In this regard, Tyson Foods is encouraging independent farmers, who want to grow for the Company, to visit the Grow with Tyson website to learn more about the process and make initial contact with the Company.

Community Impact

Tennessee Governor Bill Haslam acknowledged Tyson Foods' continued commitment for the development of West Tennessee. He expressed that Tyson has been an integral part of Obion County for 20 years and that he is pleased to see the Company move forward with this 300-job expansion in Union City. Currently, Tyson employs more than 1,000 employees in West Tennessee, and thus its impact on the community extends beyond the local farmers supported by its operations. He also mentioned that the Company's operations help in making Tennessee the No. 1 location in the Southeast for high quality jobs.

Current Status of the Union City Plant

Tyson Foods built and commenced its Union City plant and related operations in 1997. It produces partially fried chicken products for food service. The facility employs nearly 1,000 people and paid approximately $32 million in wages during its 2016 fiscal year. On the other hand, the annual payout for farmers who raise chickens for the plant was above $15 million. Apart from West Tennessee, the Company also operates facilities in Goodlettsville, Newbern, and Shelbyville. In total, the Tyson Foods employs around 5,000 people in the state with an annual payroll of approximately $181 million. Moreover, the Company paid Tennessee poultry growers above $61 million in its 2016 fiscal year and estimates its total statewide impact to be around $313 million.

About Tyson Foods

Tyson Foods is among the world's largest food companies and a recognized leader in protein. The Company was founded in 1935 by John W. Tyson and subsequently grown under three generations of family leadership. Tyson Foods is headquartered in Springdale, Arkansas and now has around 114,000 team members. It has a broad portfolio of products and brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®.

Last Close Stock Review

On Thursday, August 17, 2017, the stock closed the trading session at $64.90, slipping 1.14% from its previous closing price of $65.65. A total volume of 2.20 million shares have exchanged hands. Tyson Foods' stock price surged 6.17% in the last one month and 12.23% in the past three months. Furthermore, since the start of the year, shares of the Company have gained 5.22%. The stock is trading at a PE ratio of 13.66 and has a dividend yield of 1.39%. The stock currently has a market cap of $23.08 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 472997

"/> Corporate News Blog – Tyson Foods to Expand its Tennessee Poultry Operation « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Corporate News Blog – Tyson Foods to Expand its Tennessee Poultry Operation

LONDON, UK / ACCESSWIRE / August 18, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Tyson Foods, Inc. (NYSE: TSN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TSN. The Company announced on August 16, 2017, its plans to invest $84 million for the expansion of its Union City, Tennessee poultry plant. This move indicates Tyson Food's commitment to the continued success of its Union City plant. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TSN. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=TSN

Expansion Driven by Increasing Consumer Demand

Doug Ramsey, group president of poultry at Tyson Foods conveyed that the customer and consumer demand for protein, particularly chicken, is rapidly increasing. The Company is thus, investing in projects that expand its strengths, built its capabilities and increases its capacity. He said expansions liked these would help the Company grow and support customers better.

Alongside, he mentioned that Tyson Foods is pleased to invest in such a community. On behalf of the entire Tyson Foods team, he thanked the Tennessee Valley Authority, the Tennessee Department of Economic and Community Development, and the Northwest Tennessee Economic Development Council for their assistance and support for this project.

Details about the Expansion

The expansion project, which is expected to start this fall, will augment the capacity of the plant's existing harvest area, addprocessing lines, as well as upgrade the supporting operations at the hatchery, feed mill, and in transportation.

A total of about 25,000 square feet will be added to the plant facility. The expansion project is forecasted to create 300 additional jobs and be completed by 2019.

In order to meet the new capacity of the facility, approximately 200 more broiler chicken houses will need to be built in northwestern Tennessee within the next two years, according to an estimate by Tyson Foods.

In this regard, Tyson Foods is encouraging independent farmers, who want to grow for the Company, to visit the Grow with Tyson website to learn more about the process and make initial contact with the Company.

Community Impact

Tennessee Governor Bill Haslam acknowledged Tyson Foods' continued commitment for the development of West Tennessee. He expressed that Tyson has been an integral part of Obion County for 20 years and that he is pleased to see the Company move forward with this 300-job expansion in Union City. Currently, Tyson employs more than 1,000 employees in West Tennessee, and thus its impact on the community extends beyond the local farmers supported by its operations. He also mentioned that the Company's operations help in making Tennessee the No. 1 location in the Southeast for high quality jobs.

Current Status of the Union City Plant

Tyson Foods built and commenced its Union City plant and related operations in 1997. It produces partially fried chicken products for food service.
The facility employs nearly 1,000 people and paid approximately $32 million in wages during its 2016 fiscal year. On the other hand, the annual payout for farmers who raise chickens for the plant was above $15 million.
Apart from West Tennessee, the Company also operates facilities in Goodlettsville, Newbern, and Shelbyville.
In total, the Tyson Foods employs around 5,000 people in the state with an annual payroll of approximately $181 million. Moreover, the Company paid Tennessee poultry growers above $61 million in its 2016 fiscal year and estimates its total statewide impact to be around $313 million.

About Tyson Foods

Tyson Foods is among the world's largest food companies and a recognized leader in protein. The Company was founded in 1935 by John W. Tyson and subsequently grown under three generations of family leadership. Tyson Foods is headquartered in Springdale, Arkansas and now has around 114,000 team members. It has a broad portfolio of products and brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®.

Last Close Stock Review

On Thursday, August 17, 2017, the stock closed the trading session at $64.90, slipping 1.14% from its previous closing price of $65.65. A total volume of 2.20 million shares have exchanged hands. Tyson Foods' stock price surged 6.17% in the last one month and 12.23% in the past three months. Furthermore, since the start of the year, shares of the Company have gained 5.22%. The stock is trading at a PE ratio of 13.66 and has a dividend yield of 1.39%. The stock currently has a market cap of $23.08 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 472997

LONDON, UK / ACCESSWIRE / August 18, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Tyson Foods, Inc. (NYSE: TSN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TSN. The Company announced on August 16, 2017, its plans to invest $84 million for the expansion of its Union City, Tennessee poultry plant. This move indicates Tyson Food's commitment to the continued success of its Union City plant. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TSN. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=TSN

Expansion Driven by Increasing Consumer Demand

Doug Ramsey, group president of poultry at Tyson Foods conveyed that the customer and consumer demand for protein, particularly chicken, is rapidly increasing. The Company is thus, investing in projects that expand its strengths, built its capabilities and increases its capacity. He said expansions liked these would help the Company grow and support customers better.

Alongside, he mentioned that Tyson Foods is pleased to invest in such a community. On behalf of the entire Tyson Foods team, he thanked the Tennessee Valley Authority, the Tennessee Department of Economic and Community Development, and the Northwest Tennessee Economic Development Council for their assistance and support for this project.

Details about the Expansion

The expansion project, which is expected to start this fall, will augment the capacity of the plant's existing harvest area, addprocessing lines, as well as upgrade the supporting operations at the hatchery, feed mill, and in transportation.

A total of about 25,000 square feet will be added to the plant facility. The expansion project is forecasted to create 300 additional jobs and be completed by 2019.

In order to meet the new capacity of the facility, approximately 200 more broiler chicken houses will need to be built in northwestern Tennessee within the next two years, according to an estimate by Tyson Foods.

In this regard, Tyson Foods is encouraging independent farmers, who want to grow for the Company, to visit the Grow with Tyson website to learn more about the process and make initial contact with the Company.

Community Impact

Tennessee Governor Bill Haslam acknowledged Tyson Foods' continued commitment for the development of West Tennessee. He expressed that Tyson has been an integral part of Obion County for 20 years and that he is pleased to see the Company move forward with this 300-job expansion in Union City. Currently, Tyson employs more than 1,000 employees in West Tennessee, and thus its impact on the community extends beyond the local farmers supported by its operations. He also mentioned that the Company's operations help in making Tennessee the No. 1 location in the Southeast for high quality jobs.

Current Status of the Union City Plant

Tyson Foods built and commenced its Union City plant and related operations in 1997. It produces partially fried chicken products for food service.
The facility employs nearly 1,000 people and paid approximately $32 million in wages during its 2016 fiscal year. On the other hand, the annual payout for farmers who raise chickens for the plant was above $15 million.
Apart from West Tennessee, the Company also operates facilities in Goodlettsville, Newbern, and Shelbyville.
In total, the Tyson Foods employs around 5,000 people in the state with an annual payroll of approximately $181 million. Moreover, the Company paid Tennessee poultry growers above $61 million in its 2016 fiscal year and estimates its total statewide impact to be around $313 million.

About Tyson Foods

Tyson Foods is among the world's largest food companies and a recognized leader in protein. The Company was founded in 1935 by John W. Tyson and subsequently grown under three generations of family leadership. Tyson Foods is headquartered in Springdale, Arkansas and now has around 114,000 team members. It has a broad portfolio of products and brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®.

Last Close Stock Review

On Thursday, August 17, 2017, the stock closed the trading session at $64.90, slipping 1.14% from its previous closing price of $65.65. A total volume of 2.20 million shares have exchanged hands. Tyson Foods' stock price surged 6.17% in the last one month and 12.23% in the past three months. Furthermore, since the start of the year, shares of the Company have gained 5.22%. The stock is trading at a PE ratio of 13.66 and has a dividend yield of 1.39%. The stock currently has a market cap of $23.08 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 472997

Source URL: https://marketersmedia.com/corporate-news-blog-tyson-foods-to-expand-its-tennessee-poultry-operation/230724

Source: AccessWire

Release ID: 230724


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