September 27, 2013
Shuanghui International Holdings, Ltd. plans to quickly accelerate pork exports from the U.S. after yesterday’s closing of its acquisition of Smithfield Foods. Smithfield and Shuanghui have already begun integrating their international sales staffs. Within the coming weeks Shuanghui plans to announce new premium pork products made in the U.S. specifically for China’s growing middle class and plans to export more premium cuts of pork beside the traditional exports of pig’s feet, stomachs and other cuts that Americans do not typically eat. Expansion of exports is also planned to Japan, Australian, Europe and South Korea. The uniting of these two companies has created a new global leader in the pork sector with a combined annual revenue of nearly $20 billion. It is believed that this integration will spark other major agricultural business deals between China and the U.S.
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