SPRINGDALE, Ark., Sept. 26 /PRNewswire-FirstCall/ -- The impact of
Hurricane Rita on the Texas operations of Tyson Foods, Inc. (NYSE: TSN) was
minor, the company reported today.
The company's two processed meats plants in Houston, which closed last
Thursday in anticipation of the storm, had virtually no damage and are
expected to resume operations early this week as workers return to the city.
Tyson poultry processing operations in east Texas also experienced little to
no damage. The plant at Carthage will run a normal schedule today, while the
processing facility in Center is currently expected to resume operations this
afternoon. The company does not currently expect the limited damage and
interruption in business caused by Hurricane Rita to have a material impact on
earnings.
Tyson sent four truckloads of food and water to Carthage and Center, as
well as the Tyson plant communities of Tenaha and Nacogdoches, where the
company operates feed mills and hatcheries. The water has been especially
welcome in Center, where the city temporarily lost its water supply. Tyson has
also been supplying diesel fuel for emergency use in Center.
Generators kept Tyson feed mills and hatcheries operating when they
temporarily lost power. The company has also been supplying fuel to growers
who are using generators to provide power to chicken houses that lost
electricity because of the storm. Bird loss at contract growing operations due
to the storm was minimal and will not affect the company's operations.
Tyson Foods, Inc., founded in 1935 with headquarters in Springdale,
Arkansas, is the world's largest processor and marketer of chicken, beef, and
pork and the second-largest food company in the Fortune 500. The company
produces a wide variety of protein-based and prepared food products, which are
marketed under the "Powered by Tyson(TM)" strategy. Tyson is the recognized
market leader in the retail and foodservice markets it serves, providing
products and service to customers throughout the United States and more than
80 countries. Tyson has approximately 114,000 Team Members employed at more
than 300 facilities and offices in the United States and around the world.
Forward-Looking Statements
Certain statements contained in this communication are "forward-looking
statements" such as statements relating to expectations that the storm did not
have a material impact on earnings. These forward-looking statements are
subject to risks, uncertainties and other factors, which could cause actual
results to differ materially from historical experience or from future results
expressed or implied by such forward-looking statements. Among the factors
that may cause actual results to differ materially from those expressed in, or
implied by, the statements are the following: (i) fluctuations in the cost and
availability of raw materials, such as live cattle, live swine or feed grains;
(ii) market conditions for finished products, including the supply and pricing
of alternative proteins, and the demand for alternative proteins; (iii) risks
associated with effectively evaluating derivatives and hedging activities;
(iv) access to foreign markets together with foreign economic conditions,
including currency fluctuations and import/export restrictions; (v) successful
rationalization of existing facilities, and the operating efficiencies of the
facilities; (vi) changes in the availability and relative costs of labor and
contract growers; (vii) issues related to food safety, including costs
resulting from product recalls, regulatory compliance and any related claims
or litigation; (viii) adverse results from litigation; (ix) risks associated
with leverage, including cost increases due to rising interest rates or
changes in debt ratings or outlook; (x) changes in regulations and laws (both
domestic and foreign), including changes in accounting standards,
environmental laws and occupational, health and safety laws; (xi) the ability
of the Company to make effective acquisitions, and successfully integrate
newly acquired businesses into existing operations; (xii) effectiveness of
advertising and marketing programs; and (xiii) the effect of, or changes in,
general economic conditions. The Company wishes to caution readers not to
place undue reliance on any forward-looking statements, which speak only as of
the date made. Tyson undertakes no obligation to publicly update any forward-
looking statements, whether as a result of new information, future events or
otherwise.
SOURCE Tyson Foods, Inc.
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Related links:
http://www.tyson.com
CONTACT:
Gary Mickelson of Tyson Foods, Inc.,
+1-479-290-6111
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