Two months after China and the United States reached a deal to reopen Chinese markets for U.S. beef in July, as part of the 100-day action plan to boost economic cooperation, American beef was back on China’s menu. “By getting our foot in the door we hope to develop a long lasting and mutually beneficial relationship with China,” said Craig Uden, President of the National Cattlemen’s Beef Association…Full Article: Xinhua Oct 2017
- In 2009, Tyson Foods launched another joint venture in Shandong. The joint venture operates three poultry plants as part of Tyson Rizhao in Juxian Industrial Park.
- In 2008, Tyson Foods constructed meat processing facilities near Shanghai in Jiangxi Province.
- In 2001, Tyson Foods and Shandong Food formed a poultry processing joint venture [i.e. Tyson Dalong Foods] in Shandong Province.
- On 20 June 2017, China’s AQSIQ granted import approval to US beef. Shortly thereafter, COFCO’s e-commerce platform, Womai, sold 1,423 packages of US rib steaks in three days.
- In November 2015, Tyson Foods announced plans to invest CNY 100 million (USD 16 million) on brand promotion in China. Specifically, Tyson Foods stated they will seek to market their products via the e-commerce site Yihaodian. Additionally, the company stated it will continue to use third party refrigerated transportation companies when shipping its products within China.
- In October 2015, China announced it would lift a ractopamine-inspired ban on 14 American pork plants. The 14 US pork plants include eight cold storage facilities and six processing plants that do not use the banned (in China) feed additive ractopamine, a leanness enhancing drug. The original ban curtailed import of pork products from by Tyson Foods Inc and Hormel Foods Corp.
- In July 2015, Tyson Foods launched 22 new frozen-food products specifically created for the Chinese consumer.
- In August 2014, China partially banned US pork imports due to the feed additive ractopamine. The ban covered six US cold storage facilities and six US processing plants including those from Tyson Foods (3 plants), Hormel Foods (1 plant), Triumph Foods (1 plant), and Quality Pork Processors (1 plant).
- In February 2013, China announced they wanted third party verification that US pork imports did not contain ractopamine. These new checks curtailed pork imports from Tysons Foods.
- In 2001, Tyson Foods entered the Chinese market. The company, as of 2015, has three factories located in Nantong (near Shanghai), Rizhao (Shandong Province), and Zhucheng (Shandong Province). Tysons China-based joint ventures include Tyson Dalong Foods, Jiangsu Tyson Foods Company, and Tyson Xinchang Foods Company (Shandong-based poultry processor).
Hong Kong Trends