Dorada Foods Celebrates Grand Opening
Processing facility providing economic stimulus to northern Oklahoma.
PONCA CITY, Okla., Nov. 1, 2011 /PRNewswire/ -- Dorada Foods of Ponca City, Oklahoma welcomes state and local officials, business owners and community leaders to the formal dedication of its 180,000 square foot chicken processing facility located at 2000 Hall Boulevard in Ponca City. The company is one of three suppliers of chicken products to McDonald's® in the United States and will ultimately employ approximately 350 employees.
Dorada Foods is a joint venture of principals from Lopez Foods, Inc. (LFI) of Oklahoma City, Oklahoma — the nation's largest Hispanic-owned meat manufacturing company — and Tyson Poultry, Inc., a subsidiary of Tyson Foods, Inc. of Springdale, Arkansas. Tyson is one of the world's largest processors and marketers of chicken, beef and pork products.
"We are proud to be contributing members of the Ponca City business community and pleased we will be creating local jobs providing further development for the community," said Dorada Foods Chairman and CEO, Ed Sanchez. "Dorada Foods is already a major economic stimulus for northern Oklahoma as it begins generating $4 million per year in payroll, growing to approximately $9 million, which will be further augmented by additional business fees, property taxes and purchases of Ponca City goods and services projected to total over $14 million per year."
"A project of this magnitude provides not only significant employment opportunities, it also reaches deep within a community creating a solid economic foundation which promotes further growth and development," said Ponca City Development Authority (PCDA) Executive Director, David Myers, referring to the 350 employees who will eventually work at Dorada Foods.
Myers and his staff developed an economic impact model that forecasts the Dorada Foods plant will contribute over $200 million to the Ponca City economy over the next ten years. "This is an extremely important project for Ponca City and we could not have asked for a better business venture team," he added.
"We're proud of our collaboration with the experienced team from Lopez Foods and how we've transformed an idea into a new business," said John Tyson, chairman of Tyson Foods. "This innovative, new venture will help expand Tyson Foods' efforts to continue meeting the high standards of a very important customer."
McDonald's is the trademark of McDonald's Corporation and its affiliates.
About Lopez Foods, Inc.
Oklahoma City, Oklahoma-based Lopez Foods specializes in high quality, further processed protein products such as fully cooked beef patties, breakfast sausage, and chicken, as well as individually quick frozen (IQF) beef patties and a variety of other pork, beef and chicken products. LFI products are available to consumers through a number of renowned restaurants and retail outlets, including: Burger King, Costco, Kroger's, McDonald's, Sam's Club, Sonic, Target, and Walmart. Lopez operates processing facilities in Oklahoma City and Caryville, Tennessee that employ approximately 700 associates.
About Tyson Foods, Inc.
Tyson Foods, Inc. (NYSE: TSN), founded in 1935 with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and more than 90 countries. The company has approximately 115,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
For more information, visit www.lopezfoods.com or www.tyson.com/corporate/
SOURCE Dorada Foods
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