Tyson Looks to Expand Beef Operations Internationally - Deli Market News

SPRINGDALE, AR
Sunday, December 29th, 2019

Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, signed an agreement with the Republic of Kazakhstan and private holding company Kusto Group to collaborate on a project that could lead to the construction of a modern beef processing plant in Kazakhstan. The investment is projected to provide an annual agricultural economic benefit to the country well in excess of $1 billion USD.

“We’re pleased to execute an agreement with the Government of Kazakhstan and partner with Kusto,” stated Steve Stouffer, Group President Tyson Fresh Meats. “This opportunity supports one of our growth strategies to expand Tyson’s global business, and we look forward to bringing our expertise and capabilities to the country of Kazakhstan.”

The press release states that Kazakhstan, the ninth largest country in the world by geographic area, has livestock and the multi-protein export industry as a key growth market. With the agreement between Tyson and Kusto Group, there is an estimated harvest capacity of 2,000 heads per day, expanding and modernizing Kazakhstan’s agriculture and meat production.

“We are delighted to welcome Tyson Foods to Kazakhstan,” stated Prime Minister Askar Mamin. “Tyson is a world-class company with the expertise necessary to help Kazakhstan jump-start the transformation of our agro-protein capabilities and help us create an ecosystem that will increase our beef herd size and establish conditions to support thousands of new high-quality jobs in the country. We look forward to a long and mutually beneficial collaboration.”

Kusto Group, founded in Kazakhstan but based in Singapore, has been in talks with Tyson Foods for a while. Officials and representatives from both companies have traveled between the two countries to establish a firmer relationship. Kusto Group and Kazakhstan can rest assured knowing that Tyson’s beef business generated $15.8 billion in sales in fiscal year 2019.

“At Kusto, we believe in the tremendous potential of Kazakhstan to transform into a global agricultural player, helping provide first class products for consumers around the world,” stated Yerkin Tatishev, Chairman of the Board of Directors, Kusto Group. “Together with Tyson Foods, we are taking a first step in that direction today with our beef operations and look forward to getting underway”.

For more major moves in the meat industry, keep reading Deli Market News.

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