US beef processor National Beef Packing Company has announced a more than $100 million investment to double the capacity of its plant in Tama, Iowa.
The project – which includes introducing a second production shift at National Beef’s Iowa Premium facility – is expected to be completed late next year.
According to National Beef, the investment project will increase the plant’s capacity to around 2,500 head per day and bring several hundred new jobs to the region.
“We are pleased to be making this investment in the growth of the Tama facility, and we appreciate the support of the local communities and the state of Iowa as we work together to make this expansion a success,” said Tim Klein, National Beef president and CEO.
“This project will increase our capacity to produce products that are in high demand by our customers worldwide and will provide an expanded market for the Iowa family farmers who supply us with premium Angus cattle.”
National Beef is majority owned by Marfrig Global Foods, which upped its stake in the company in 2019.
© FoodBev Media Ltd 2022
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