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Smithfield expands Romanian hog production
Smithfield Ferme, a subsidiary of Smithfield foods, is
set to invest roughly $159 million in Romania, a country referred to by the
company's chairman Joseph Luter III as the "Iowa of Europe".
The aim of the investment is to double the number of hog production farms
it operates. "We now operate 25 farms, but we have 10 to 15 farms under our
authorisation and 10 under construction," Bogdan Mihail, general manager of
Smithfield Ferme, said.
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