Virginia Based Smithfield Foods China, Famous for its Pork, Largest Pork Producer

Chinese food industry is big, it is diverse and popular. However, in recent times, more and more Chinese are keen to taste foreign dishes. Experts say that this trend is because China’s middle class is fast growing and becoming rich. They are now trying out new food, particularly pork. There may be limited pork manufacturers in China which may not cater to the needs of the Chinese population and so many Chinese companies feel like investing in US pork producing companies. The US, Virginia based Smithfield Foods Chinacame to the limelight when it was taken over by a Chinese group in a deal what is known as the biggest of its kind.

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Chinese Pork Addiction Sets its Groups Buy Overseas Facilities

Many US senators, lawmakers see this take over (takeover of Smithfield Foods China by Chinese Group) with suspicion. They argue that the taken over of the concerned business took place at a price which is quite high than the face value of the company. Many US law makers are of the opinion that there are hidden intentions of Beijing behind the takeover of Smithfield Foods China.Some are of the opinion that more and more Chinese population are including pork in their diet and that is one of the reasons for China’s takeover of Smithfield Foods China.

About Smithfield Foods China

Smithfield Foods China is one of the largest pork producing facility in the US. The business accounts for almost 25{0aa6ff39f88f6874aa1314be06f6c24c81d3f2a8727f221ed543cd45c6c6423e} of pork production in the US. It exports pork to 40 countries around the world. The CEO of the company says that on a daily basis roughly 10000 pigs are butchered at Smithfield Foods China. The person also admits that the employees at the company are accustomed with the different pork manufacturing processes. However, the CEO expressed concerns over enhanced tensions between the US and China over the takeover of Smithfield Foods China as this can have adverse effects on the company’s business.