Not as obvious as Smithfield being owned by China, but looks like Hormel has been expanding China ops recently at an increased rate to compete. Investments in plants and pushing Skippy peanut butter on the Chinese.
Hormel to triple processing capacity in China
04.06.2016
By Staff
BEIJING –Austin, Minnesota-based Hormel Foods confirmed plans to add another 50,000 tonnes to its annual meat processing capacity in China. Hormel operates in China through its wholly owned subsidiary, Hormel (China) Investment Co., Ltd. Asian Agribiz first reported on the expansion.
Hormel China’s current processing capacity stands at a combined 25,000 tonnes. The China subsidiary is opening a new facility by the end of the year in the country’s Zhejiang province. Swen Neufeldt, president, Asia Pacific, Hormel Foods International, said the facility will produce SPAM locally in China.
Hormel Foods began operations in China in 1994 through Beijing Hormel Foods Co. Ltd., a joint venture with Beijing Capital Agricultural Group Co., Ltd., and Shanghai Hormel Foods Co. Ltd., a joint venture with Shanghai Shangshi Meat Products Co., according to the company’s website. The company currently operates in China through Hormel (China) Investment Co., Ltd. The unit is a leading supplier of Western- and Chinese-style processed meats and peanut butter to retail and food service operators throughout China.
https://www.meatpoultry.com/articles/14091-hormel-to-triple-processing-capacity-in-china
Smithfield purchase made the Hormel hometown fake news
Hormel competitor Smithfield acquired by Chinese company
Published 10:13 am Wednesday, May 29, 2013
The Wall Street Journal said the move is the largest takeover to date of a U.S. company by a Chinese buyer. Smithfield — a $13 billion global food company and the world’s largest pork processor and hog producer — owns brands such as Farmland, Armour and John Morrell, according to its website, and has 46,000 employees.
Austin-based Hormel Foods Corp. — with sales of $8.23 billion in 2012 and roughly 20,000 employees — is in the process of expanding into China and other Asian markets, specifically with its Skippy peanut butter brand, which Hormel acquired in January, and its Spam products. The Times said the Smithfield purchase is designed to help that company expand into the Chinese market, too.
Shuanghui is China’s largest meat processing enterprise and the nation’s largest publicly traded meat company, according to Smithfield.
https://www.austindailyherald.com/2013/05/hormel-competitor-smithfield-acquired-by-chinese-company/
China Daily
Investment by Hormel to grow as meat demand rises
By SHI JING (China Daily) Updated: 2015-04-24 11:05
US-based firm eyes sustainable expansion as it starts work on $110 million facility in Jiaxing
Buoyed by the strong, sustained demand for its meat products in China, the United States-based Hormel Foods Corp is looking to further expand investment in the nation, company officials said on Thursday.
The Austin, Minnesota-based Hormel formally broke ground for its largest individual facility in China in the Jiaxing Economic and Technological Zone of Zhejiang province on Thursday. Set up with registered capital of $110 million, the facility is expected to make annual revenues of 6 billion yuan ($967 million) from 2016 onward.
Hormel is also looking to gradually scale up the production capacity at the plant. It plans to have an annual meat processing capacity of 30,000 metric tons initially and then scale it up to 50,000 tons. Company officials said the unit will be used to make Hormel bacon, ham and sausages, which are already popular with Chinese consumers. The Jiaxing facility will also be the home for Hormel's Spam products, which are mainly products made from specially processed and assorted meat.
Hormel will also set up its regional headquarters for China in Jiaxing at an opportune time, the officials said. it will also be the first regional headquarters to be set up in the Jiaxing Economic and Technological Zone
https://www.chinadaily.com.cn/business/2015-04/24/content_20529145.htm