RPT-WH Group reins in growth ambitions for Smithfield meat products in China
Story Date: 11/28/2017

 

Source: Dominique Patton, REUTERS, 11/27/17

 China pork producer WH Group is dialing back growth hopes for its U.S. unit Smithfield in the mainland amid weak demand, with a new plant there operating at just a third of capacity and plans for another factory postponed, group executives said.
WH Group, the world’s biggest pork producing company, bought top U.S. pork producer Smithfield in 2013 for $4.7 billion, at the time the largest takeover of a U.S. company by a Chinese buyer. 

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