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Tyson Fresh Meats, a subsidiary of U.S. headquartered Tyson Foods, signed an agreement with the Republic of Kazakhstan and private holding company Kusto Group to collaborate on a project which could lead to the construction of a modern beef processing plant in Kazakhstan.
Signed on December 9, the first phase of the project agreement could lead to the construction of a modern beef processing plant in Kazakhstan, with an anticipated harvest capacity of 2,000 head per day. As presently conceived, the investment is projected to help provide an annual agricultural economic benefit to the country well in excess of US$1 billion, according to Tyson.
Kazakhstan is the ninth largest country in the world by geographic area and has identified the livestock and the multi-protein export industry as a key growth market. It has an established beef industry which serves the domestic population with exports to the region. The agreement with Tyson and Kusto Group is said to be part of a broader initiative by the Kazakhstan government to expand and modernise agriculture, beginning with meat production.
Based in Dakota Dunes, U.S. state of South Dakota, Tyson Fresh Meats currently operates beef plants in Nebraska, Illinois, Iowa, Kansas, Texas and Washington. The company’s beef business generated US$15.8 billion in sales in the fiscal year 2019.