Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: FRIDAY, May 13, 1994 TAG: 9405130088 SECTION: BUSINESS PAGE: A11 EDITION: METRO SOURCE: DATELINE: SMITHFIELD, VA LENGTH: Short
The deal also means $25 million in new construction at the company's state-of-the-art Bladen County, N.C. processing plant. The expansion is due for completion in October.
Sales under the Sumitomo agreement are expected to exceed $200 million over three years, said Joseph W. Luter III, chairman, president and chief executive of Smithfield Foods.
Sumitomo is one of Japan's largest meat importers, distributors and grocery retailers.
by CNB