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re: Smithfield Farms closing major pork plant indefinitely--supply chains are getting tight
Posted on 4/12/20 at 9:25 pm to I B Freeman
Posted on 4/12/20 at 9:25 pm to I B Freeman
First line in the article says this:
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.
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.
1
Posted on 4/12/20 at 9:26 pm to t00f
quote:
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.
It’s almost like China will dump as much capital as it takes to get their foot in the door.
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