Tyson Foods to build $70 million hatchery in Hope
by March 20, 2023 7:05 pm 1,576 views
On the heels of Tyson Foods’ announcement to close its processing plant in Van Buren, Ark., with the elimination of almost 1,000 jobs, the Springdale-based meat giant reports a new $70 million hatchery it will build in Hope that will be completed in late 2024.
The new 131,000-square-foot hatchery will replace the existing facility and triple capacity, contributing to operational efficiencies at the company’s nearby poultry processing complexes in Hope and Nashville, Ark.
“We continually strive to unlock the next level of excellence in quality and service to our customers,” said Donnie King, CEO of Tyson Foods. “This investment is another way to demonstrate our long-term commitment to our home state of Arkansas and the Hope and Nashville communities.”
Tyson said the larger hatchery will bring more jobs to the Hope area and also expand new contract opportunities for grower farms in Hope and the surrounding area. To be considered for a contract for the Hope complex, prospective farmers must have existing chicken housing or property that can be used to build housing within a radius of approximately 30 to 50 miles around the Hope hatchery.
This is second investment in south Arkansas since 2022 with Tyson Foods investing $67 million in Hempstead County for a new feed mill serving that area. Tyson said employs about 24,000 across it’s home state of Arkansas.