Smithfield Foods
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Smithfield Foods

Smithfield Foods
Smithfield Foods
US-based Smithfield Foods raises around 15 million pigs a year and processes 27 million, producing over six billion pounds of pork. In May 2012, Chinese meat company Shuanghui International made a US$4.7 billion offer for the company.
Illustration: Brian Wang
US-China relations

Trump-Xi diplomacy put to test thanks to contentious tit-for-tat Covid lawsuits

Unpaid billions of dollars in judgments against China sucks US State Department into escalating legal dispute, but Beijing remains defiant.

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IPO

Smithfield Foods, the US pork giant owned by WH Group, eyes Nasdaq listing

US-China relations

Buying US farmland not part of China agriculture plan, panel told

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Hong Kong stock market

WH Group posts 7.2 per cent jump in 2021 profit, but outlook clouded by war

WH Group warned that the Ukraine-Russia war will push costs up and affect profitability, after reporting a 7.2 per cent jump in annual profit on higher sales.

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WH Group, the world’s largest pork producer, reported higher sales last year. Photo: Getty Images
Hong Kong stock market

WH Group’s family feud goes up a notch after US$1.4 billion wipeout

WH Group, world’s biggest pork producer said allegations by Wan Hongjian, one of the sons of its founder, are ‘untrue and misleading’.

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Investing

WH Group loses US$1.4 billion in value as feud engulfs Chinese pork empire

Media reports citing former director Wan Hongjian said the company founder and former CFO took decisions that led to financial losses. The world’s biggest pork producer denied the allegations.

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China food safety

Chinese pork giant fires chairman’s son over aggressive behaviour

Wan Hongjian, 52, was stripped of his roles as executive director, deputy chairman and vice-president of WH Group because of his recent misconduct and aggressive behaviour, company says in exchange filing.

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Wan Hongjian, the 52 year-old son of 80-year-old chairman and CEO Wan Long, was stripped on Thursday of his roles as executive director, deputy chairman, and vice president, based on an article of the firm’s “amended and restated” articles of association, it said in a filing to Hong Kong’s bourse. HANDOUT PHOTO
China pork crisis

WH Group offers to buy back US$1.93 billion of stock at premium to market

Wan Long, the 81-year-old chairman and CEO, says the offer will allow investors to either cash in their investment or enjoy higher a return. The stock has underperformed the Hang Seng Index this year and in 2020.

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China economy

US pork exports to China surge beyond pre-trade war levels

China agreed to import a record US$36.5 billion in US farm goods in the phase one trade deal signed in January, with pork expected to be key to reaching the mark.

Food and agriculture

China pork stock expectations fattened up; hog-sized gains seen ahead

Muyuan Foodstuff and New Hope Liuhe have had their price targets lifted by at least four fold since 2019, only to see their stock prices follow the heels of these upbeat recommendations.

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Pigs are seen on the farm of pig farmer Han Yi at a village in Changtu county, Liaoning province, China, on January 17, 2019. Photo: Reuters
Coronavirus pandemic

WH Group’s US pork processing plant reopens amid coronavirus controversy

Smithfield Foods, a US unit of China’s biggest pork company, has reopened its processing facility despite a coronavirus outbreak in meat plants across America.

Smithfield Foods is reopening its South Dakota plant in the US in stages after President Donald Trump ordered the nation’s meat processing facilities to stay open to meet food shortages. Photo: Reuters
Food and agriculture

America’s stockpile of uneaten bacon is at its biggest in 48 years

Hog producers started building up their herds in anticipation of more demand for meat imports from China, where African swine fever has killed millions of pigs.

US-China trade war

A miserable Year of the Pig for China’s hogs is godsend for US farmers

US pork exports to China doubled in the second quarter to 60,898 tonnes, which was made possible by a sharp increase in prices on the mainland, helping to offset a 62 per cent tariffs on US exports.

Food and Drinks

World’s largest pork producer diversifies its way through trade war

The African swine fever that spread to China just over a year ago has led to the mass culling of pigs, slashing the number of China’s breeding sows by 26.7 per cent at the end of June from a year earlier.

Employees process meat along a production line at a factory of Shuanghui (Shineway) Group in Luohe, Henan province, on June 17, 2013. Photo: Reuters
African swine fever

Pork prices likely to stay high in China – but that’s good for WH Group

Sustained high prices is music to the ears of the WH Group, the world’s largest producer of the meat and owner of Smithfield Foods of Virginia.

Hong Kong’s government ordered a cull of 6,000 pigs to prevent the spread of African swine fever. Photo: Warton Li
US-China trade war

Pork producer WH Group calls for end of trade war as profit drops

WH Group, owner of Smithfield Foods, said falling prices and higher mainland tariffs on US shipments led to a profit result of US$1.05 billion for 2018.

US-China trade war

Who stands to gain most from the US-China trade truce?

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Trade

US’ largest pork maker eyes new markets amid China trade war fears

WH Group grabbed headlines when it acquired Smithfield, the US’ leading pork producer, for US$4.7 billion in 2013. Photo: Nora Tam
China food safety

Smithfield Foods to sell US pork online on China’s JD.com

US legislative risk looms for expanding Chinese firms

Proposed legislation on foreign investments could complicate the acquisition plans of Alibaba and other Chinese companies in the United States.

Shuanghui International

Series of blunders forced WH to shrink IPO

On the face of it, an initial public offering for WH Group, the world’s biggest pork company, should have been an easy sell.

Nine-figure compensation for chief executive Wan Long was a stumbling block for some potential investors. Photo: Reuters
Shuanghui International

Chinese companies target US and UK

The United States and Britain have emerged as the bright spots for overseas Chinese investments lately, while China's investment in the rest of Europe has waned.

Shuanghui International, with meat-processing plants across the mainland, had to overcome opposition in the United States to its takeover of Smithfield Foods. Photo: EPA
Shuanghui International

Shuanghui to import more 'clean' pork from new Smithfield unit

Shuanghui International

Shuanghui wins over Smithfield shareholders

Smithfield Foods shareholders have voted in favour of Shuanghui International's US$4.7 billion deal, approving the largest Chinese purchase of a United States company.

Shuanghui International

Shuanghui closer to Smithfield approval

Shuanghui International is close to securing shareholder approval for its US$4.7 billion offer for Smithfield Foods - which would be the biggest purchase of a US company by a Chinese firm - three people familiar with the matter said.

Shuanghui closer to Smithfield approval

US committee clears Chinese firm's US$4.7b acquisition of Smithfield Foods

Smithfield Foods won national security clearance for its proposed US$4.7 billion sale to a Chinese meat processor, overcoming one of the biggest obstacles to a takeover.

Smithfield Foods won national security clearance for its proposed US$4.7 billion sale to a Chinese meat processor. Photo: AP
Shuanghui International

US unlikely to block Chinese purchase of Smithfield

The US government should soon give the go-ahead for the largest ever Chinese acquisition of a US company: a Chinese food group’s US$4.7 billion deal to buy Smithfield Foods, a person familiar with the matter told Reuters.

Shuanghui International

US likely to approve Chinese purchase of Smithfield

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