Smithfield Foods is one of the famous names in the market of meat processing. Smithfield is basically a small town in Virginia where this company was actually started in 1936, and that time this company was founded by Joseph W. Luter with the help of his own son. OF course, that time this company was just a startup and had just a few farms in Smithfield only, where they raise pigs and process its meat. When this company was started then at that time it was not known as Smithfield Foods, instead, it was named as Smithfield Packing Company. Well soon after that they started progressing and purchased more and more farms around the state. And later on, they purchased at least more than 500 pig farms in the whole United States of America.
Well, these are just the farms which are just owned by Smithfield Foods, but besides there are several contract farms as well providing Smithfield Foods with quality meat, and those farms are at least 2,100 in number around the whole country. This company is not just known nationally, but they also have made their names in International Market, so instead they just export their meat to the whole world, they just simply decided to open up their pig farms and pork processing plants in several neighbouring countries as well.
And according to a magazine this company had an annual revenue last year of about $15 billion, combined with the United States, Mexico, United Kingdom, Germany, Romania, and Poland. This is the world’s pork providers in the whole world, and right now this company has been running on a partnership with a Chinese group of industries known as WH Group.
Largest Meat Processors
Smithfield Foods is also known to have World’s Largest Meat Processing plant in the Tar Heel, which is just a small place in the state of North Carolina. And for sure with such a plant, they have made a world record of processing most pigs in just a single day, and that was 32,000 in the year of 2000. Well due to most of the shares that were purchased by WH group, they simply moved the headquarters of Smithfield Foods from Smithfield to Luohe in Henan Province of China.
Well as Smithfield Foods has already made their name in the world, so it cost quite a fortune to Shuanghui Group for the purchase of this company. And that investment also came on the world record for Chinese making such a huge investment for an American Company. The reason that this company has made progress in such a small time period, where other companies took many decades in try to reach this level, is because Smithfield Foods always believe in quality plus quantity.
So they are also known for their big sized pigs with a high quality of meat. Smithfield Foods are selling their meat with several names in which most prominent ones are Eckrich, John Morrell, Cooks, Gwaltney, Smithfield, and Karkus. Smithfield Foods has been raising more than 14 million pigs every year throughout the world with their own farms, and they have slaughter rate of more than 25 million per year combined with their contract farms as well. And with such a huge manufacturing process, many other companies also process their animals in this facility like beef and mutton. And right now in the meat processing market, Smithfield Foods does not require any introduction.