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TAR HEEL, NC (WWAY) — Bladen County is the home to the world’s largest slaughter house. Soon it could be owned by a foreign company.

Smithfield Foods has agreed to sell to Chinese meat processor Shuanghui International Holdings Ltd. for $4.7 billion.

Smithfield runs the largest slaughterhouse and meat-processing plant in the world in Tar Heel.

The Wall Street Journal reports the purpose of the deal is to export more of Smithfield’s meat to China, which is the world’s biggest pork market.

Virginia-based Smithfield employs more 10,000 workers in North Carolina alone.

Smithfield Foods says there will be no closing of any facilities and employees will stay in place.

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33 Comments on "Smithfield agrees to sale to Chinese firm"

2015 years 10 months ago

I guess we all just need to start brushing up on our Chinese. China’s going to own us all and we all are going to do sit on our lazy behinds and watch our government give away everything our veterens fight so hard for. This is real news. They might not fire anyone but they will cut wages. Wake up people

2015 years 10 months ago

it are being paid with money we borrow from China to run our federal government aren’t they? I’m joking of course and really I wouldn’t sweat it actually. Considering that we’re cutting our military; the majority of voters who will dominate national elections from here on don’t care about issues such as unemployment rates, inflation, national security, etc…they only care about what our country can do for them, not what they can do for our country; we’re massively in dept to China and eventually we’ll bounce that credit card payment. I can’t imagine any outcome other than the US eventually being a colony of China so they’re probably just moving a few things over before they settle in.

2015 years 10 months ago

I had an aunt who raised chickens (40,000 at a time) I have been to hog farms and beef feed lots. No thanks! I stick to seafood I catch myself and occasional poultry from small farms that I know.

2015 years 10 months ago

Ya’ll should be glad we got Chinese money coming INTO the US, instead of the usual US money going OUT to China. How many of you have been yelling about US jobs and manufacturing being shipped overseas? Well, guess what, this is the opposite of that.
And the same USDA people will be inspecting the plants that inspected them when the domestic yahoos owned it – not that that’s necessarily a good thing, but it ain’t a change. What, you think the Chinese owners are bringing in their own Chinese inspectors?
Jeez, some of you are so eager to clamor about Chinese this and that, you don’t take the time to think about the real implications. This is billions of Chinese dollars entering out economy, rather than the usual US dollars leaving our economy. Think, people.

2015 years 10 months ago

The sky is falling! The sky is falling!

No it’s not. It’ll be business as usual except that a Chinese company will own the place. They’ll probably even do better than before by opening a new market of pork products in China. That’s more NC pork being sold to a pork processor that’s selling more pork. That’s a problem?

Some of you seem to be suffering from knee-jerk naiveté today. Oh my, it’s China buying our companies! I don’t recall seeing that reaction when foreign companies purchased Miller and Anheuser-Busch (yep, not American anymore and yet a ton of people are still drinking those beers!). I don’t recall seeing that reaction when America started selling a large portion of its debt to China so that we could keep spending irresponsibly. We seem to have no problem buying cheaper Chinese-made products instead of American ones. What a bunch of hypocrites!

Some of the sillier (as in dumb) posts I read:
– “our government give away everything our veterens fight so hard for”
– “the price of pork will skyrocket all the while the waste from the production of the livestock will pollute us soil not china”
– ” now we have to watch for poisoned meat in our local pork”
– “I will not buy from Smithfield. Hams, chicken or anything else if I know it comes from china”
– ” I’m sure China will be more than willing to bring their outstanding environmental practices to our country”

Exclusive of the fact that so many of you can’t even put a sentence correctly together anymore (which is something we all really should worry about), a lot of these posts don’t even begin to make sense.

If you’re really worried about our country, start electing better politicians. Start telling our government to stop spending so much money that we have to sell our debt to other countries.

If all you’re going to do is carp about some foreign company buying an American business, you’re just wasting everyone’s time with useless blather


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