Seaboard Foods is building a ham-boning processing plant in Mexico, which is expected to done later this year or early 2009.
The plant will operate out of Reynosa, Mexico, about 60 miles west of Brownsville, Texas. The products will primarily be targeted to Mexico's marketplace, "but products could be sold to other markets," say Seaboard officials. The plant will produce boneless fresh hams, and have the potential to add other products later as needed. There will be no slaughter capacity, it will be a process-only plant. Expected volume will be 50 million to 60 million pounds annually.
According to a filing with the Securities and Exchange Commission earlier this year, Seaboard indicated that its pork division entered an agreement to build and operate a majority-owned ham-boning and processing plant in Mexico. The company cites the total cost of the plant at $10 million-- about $8.1 million of which will be spent this year.
Source: Seaboard Foods, Meatingplace.com