March 28, 2009

As part of ongoing efforts to improve operational efficiency, Tyson Foods, Inc. is closing its Ponca City, Oklahoma, processed meats plant and is shifting production to other company facilities.

Tyson officials are trying to find a buyer for the plant, which has been in operation since 1995. The facility closing is expected to result in a non-cash charge to Tyson's fiscal second quarter earnings of approximately US$0.02 per share.

This important decision is made after extensive consideration as it is seen as necessary to improve the viability of the company's overall processed meats operations, said Dick Belsito, senior vice president of processed meats for Tyson Foods.

Tyson officials have been in contact with potential buyers of the plant; however, no sale has been completed.

The Ponca City plant produces a variety of deli-style luncheon meats and ham products. This production will gradually be shifted to Tyson plants in Buffalo, New York; Cherokee, Iowa and Houston, Texas.

The Ponca City plant closing process will begin in late May and will most likely not be completed until sometime in July or August.