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Wednesday, July 24, 2024
WH Group to spin off Smithfield Foods' US and Mexico operations with US listing
WH Group Ltd, the world's largest pork producer, announced it will spin off the US and Mexico businesses of Smithfield Foods Inc and take the pork company public in the US, Bloomberg reported.
Friday, April 26, 2024
Smithfield owner WH Group sees increased profits in Q1
WH Group Ltd. - the Chinese owner of US-based Smithfield Foods - saw profits rise in the first quarter as a "substantial improvement" in its US operations that more than offset a decline in China.
Wednesday, October 25, 2023
WH Group eyes Smithfield Foods' United States public listing
The Chinese owner of Smithfield Foods, WH Group, is collaborating with banks to reintroduce the US-based pork producer to the American public market, according to individuals familiar with the matter, Reuters reported.
Thursday, August 17, 2023
China's WH Group predicts 10-20% surge in swine prices
WH Group Ltd, a major Chinese pork processing company, anticipates a surge of 10-20% in swine prices within China during the second half of 2023, compared to the initial six months of the year, underpinned by a strengthening demand dynamic ...
Wednesday, March 29, 2023
Major pork company WH Group processed 30% more chicken in 2022
Major Chinese pork company WH group processed 30% more chicken in 2022 as it diversifies to other meats to reduce costs and boost competitiveness, Today Online reported.
Monday, November 14, 2022
WH Group re-calibrates business, with eye on expansion in Europe
Major Chinese pork processor WH Group has started to reorganize its business, first by selling off a seasoning unit in the United States while trying to expand its presence in the European market through acquisitions.
Tuesday, March 29, 2022
WH Group reports higher profits thanks to sales in the US and Europe
Major pork processing firm WH Group Ltd announced a 7.2% increase in its annual profits to US$1.043 billion, thanks largely to higher sales in the US and Europe, Reuters reported.
Wednesday, August 12, 2020
Lower US pork exports to China in H2: WH Group
China's WH Group expects pork exports from the United States to China to dip in the second half, chief financial officer Guo Lijun said on Tuesday, as the COVID-19 pandemic cut volumes being handled at US processing plants and lifted prices ...
Monday, April 27, 2020
WH Group's Smithfield Foods shuts down Illinois pork factory due to COVID-19
Some of its 1,700-total workforce in its Monmouth, Illinois pork processing facility tested positive for COVID-19, reported Reuters.
Friday, April 24, 2020
WH Group Ltd. struggles amid ASF, COVID-19 issues
According to Bloomberg news, COVID-19 and African swine fever is threatening production at Hong Kong-based WH Group Ltd., one of the world's top pork producer.
Wednesday, March 25, 2020
China-based WH Group reported 32% jump in 2019 profits
The world's biggest producer of pork said the surge in profits was due to record high pork prices in China, which increased its exports from the US and boosted its China sales margins, reported Reuters.
Wednesday, October 30, 2019
WH Group sees shares jump as results help lift outlook
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Wednesday, August 14, 2019
WH Group looks for markets outside US to source pork as US-China trade war continues
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Friday, August 17, 2018
China's WH Group incurs $15M loss in its US pork operation
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Friday, August 18, 2017
WH Group fails to meet US$615 million net profit as expected by analysts
China's pork producer, WH Group, has disclosed a 1% increase in net profit for the first half of 2017 - a disappointing result dashing analysts' expectations, the South China Morning Post reported.
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