Tyson in Third China Venture

September 11/FinancialWire -- Tyson Foods Inc. entered a third poultry joint venture in China, to be called Shandong Tyson Xinchang Foods Co. Financial terms of the deal were undisclosed.

The agreement is with the Shandong Xinchang Group. When governmental approval is met, it will give Tyson 60% ownership in the poultry operations, which include Xinchang's existing assets and the acquisition of a new poultry processing complex. The company s other Chinese ventures include a majority interest in a chicken further-processing facility and majority interest in a poultry operation being developed

From the September 15, 2008, Prepared Foods e-Flash

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