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Israeli meat biotech company receives fund from several investors

On May 2, Jerusalem-based biotechnology company Future Meat Technologies announced a US$2.2 million seed investment round, co-led by Tyson Ventures, the venture capital arm of Tyson Foods. The Israeli company is advancing a distributive manufacturing platform for the cost-efficient, non-GMO production of meat directly from animal cells, without the need to raise or harvest animals.

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Improved cattle supply helps Tyson’s Q2 beef results

The world’s second largest meat processor, after Brazil’s JBS, has seen its profits impacted by a rise in freight costs in the quarter ending March 31, but sales volume in the beef segment increased due to improved availability of cattle supply, stronger demand for its beef products and increased exports.

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Tyson highlights commitment to animal well-being

Chad Martin, Senior Vice President and General Manager, Beef Enterprise, Tyson Fresh Meats, the U.S. meatpacker and hide processor, has restated the company’s commitment to animal well-being at the core of its business during the 3rd World Leather Congress in Shanghai on August 29.

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Senior management changes at Tyson

Tyson Foods has streamlined its organisation in support of a growth strategy announced earlier this year, the company reported on August 2. The new structure is designed around the company’s segments of Beef, Pork, Chicken and Prepared Foods.

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