Poultry USA - August 2008

plant at Anwick in Lincolnshire.

The sale, which is part of a larger deal between OSI and Marfrig worth US$2 billion, will see the Brazilian processor make significant expansions into the poultry sector from their traditional red meat base.

CONSTRUCTION DELAYED
Sanderson delays N.C.
complex

was considering building a processing plant in Weld, Morgan or Logan counties and hiring up to 1,200 workers.

The decision follows several months of extensive in-market evaluation. The company cited the volatile state of the commodities market and a higher-than-anticipated cost structure in Colorado as

significant challenges for the foreseeable future.

“In these difficult conditions with costs escalating primarily due to grain and fuel prices and chicken prices lagging, it does not make economic sense to go forward with expansion at this time,” said Foster Farms President Don Jackson.

Sanderson Farms, Inc., delayed construction and start-up of its new Kinston, N.C., poultry complex. The company announced plans in April to invest approximately $126.5 million for construction of the new feed mill, poultry processing plant and hatchery. “We believe it is in the best interest of Sanderson Farms and our

Joe Sanderson, Jr. shareholders to delay construction

of the company’s proposed Kinston, North Carolina, project,” said Joe F. Sanderson, Jr., chairman and chief executive officer. “In light of escalating prices for corn and soybean meal, our primary feed ingredients; it has become increasingly difficult to predict our future input costs.

“In spite of this decision, we remain committed to our long term growth, to the new Kinston complex, and to the local communities in North Carolina that have graciously supported this project.” Sanderson said that the company looks forward to pursuing this expansion opportunity at the appropriate time.

EXPANSION DROPPED

Foster Farms drops
plans for Colorado
expansion

Foster Farms announced that it will not pursue expansion in northeastern Colorado. Earlier this year the company

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