The company says its main business is packaged meats along with fresh pork and hog production. It owns both Smithfield, the biggest U. Pork food company, and Henan Shuanghui Investment & Development Co, Asia’s biggest meat processing company.
WH Group is headquartered in Hong Kong. The company says its main business is packaged meats along with fresh pork and hog production. It owns both Smithfield, the biggest U. Pork food company, and Henan Shuanghui Investment & Development Co, Asia’s biggest meat processing company.
Smithfield Foods, the world’s largest pork producer, was acquired by a Chinese firm in 2013 for nearly $5 billion — more than the company’s market value. The surprising purchase caused some lawmakers to wonder if there might be a hidden player.
While we were reading we ran into the inquiry “How is the Chinese government involved in the pork industry?”.
I can see if we can figure it out! as part of the series Food for 9 Billion, Nathan Halverson of the Center for Investigative Reporting examines how the Chinese government is involved. One year ago this month, a Chinese company bought America’s largest pork producer, Smithfield Foods. The $4.7 billion deal is the biggest Chinese acquisition of a U. Company to date.
Who are China’s top meat companies?
WH Group, with a market capitalisation of about HK$123 billion (US$15.67 billion), is dubbed China’s “No. 1 butcher” and has maintained a leading market position in hog production, as well as processed and packaged meats globally.
10 iconic American companies owned by Chinese investors.
Why does China store so much pork in its warehouses?
Much as the U. Government maintains a strategic oil reserve, China stashes away vast amounts of frozen pork in case of price inflation or war. The mammoth warehouse I was staring at housed 110 million pounds.