China-owned US pork producer, Smithfield Foods, shut down its operations in South Dakota recently due to the coronavirus
- Actions like this lead to many wondering if China is attempting to undermine the US food supply.
- As we previously reported the pork producer warned of meat shortages in the US following their plant shutdowns.
- It is interesting that the beef packing plants are not facing a similar crisis.
China Billionaire Undermines US Food Supply – Shuts Down Pork Plants in Multiple States – But Beef Packers Not Affected for Some Strange Reason? NBC News reported a couple of days ago that Smithfield Foods was shutting down two more pork producing plants in the US due to the coronavirus: What MSNBC doesn’t report is that Smithfield Foods is a Chinese owned company per Forbes: Smithfield Foods, the world’s largest pork processor and hog producer, has been making headlines for shutting down plants in three states after a rash of coronavirus cases hit its Sioux Falls, South Dakota operation. Less well known: its Chinese billionaire owner Wan Long, who took a small state-owned meat processing plant and expanded it into a multinational company with more than $24 billion in annual sales. Now, the owner of Nathan’s Famous hot dogs and Cook’s ham is scrambling to contain one of the largest coronavirus hot spots in the U.S. CEO Wang took over a Chinese state-owned pork producer before expanding globally: Wan Long, who at age 80 is chairman and CEO of WH Group, is the firm’s largest individual shareholder with a roughly 16% stake; Forbes estimates his net worth at $1.9 billion. Wan joined Henan Luohe Meat Products Processing United Factory — then a state-owned entity — in 1968, and eventually grew the business into WH Group. His son, Wan […]