Tyson Foods continues investments in international markets

Tyson Foods has struggled in recent quarters with its U.S. business and likely will struggle in future quarters. Still, the company is not backing away from investments and growth plans with its international segment.

The Springdale-based meat giant has invested in seven new international plants, six of which are in Asia. The new plants include fully-cooked chicken plants in Europe, Malaysia, Thailand and four in China. Tyson’s intent with the international expansion is to capture a bigger share of the growing protein consumption expected to increase to 94.8 billion pounds by 2030– 64% of which will come from Asia.

In December 2021, Tyson said the annual compounded target growth rate for the international segment was between 18% and 20% over the next three years, with an operating margin of around 5%. Through three quarters of fiscal 2023, Tyson’s international…