January 2, 2009

Northern Beef Packers to open new beef plant in May 2009

South Dakota-based Northern Beef Packers plans to open its new beef facility in May.

The US$40 million plant will have a processing capacity of 700 cattle per day.

Dennis Hellwigs, the head of the company, said the plant will be larger and costlier than originally planned.

A South Korean consortium had invested US$35 million into the project under a government economic migrant scheme that enables investors to receive a US Permanent Resident Card.

The beef plant has encountered many problems, including quoted price dispute between construction contractors.