SmithFields Vernon Plant Smithfield Foods, Inc. announced it is shutting down a hog plant in California because of the exorbitant costs of doing business in the Golden State.
Smithfield Foods, Inc. – bought by China-based pork juggernaut the WH Group in 2013 – made the announcement in a press release Friday, stating it is halting “all harvest and processing operations” at its Vernon, California, facility early next year. Compared to plants in other states, utility cost in California “is 3.5 times higher per head to produce pork,” the Wall Street Journal reported a company spokesman as saying.
“It’s increasingly challenging to […]
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