Business

Smithfield Foods to Build New State-of-the-Art Processing Facility in Sioux Falls, South Dakota

Partnership with City of Sioux Falls and State of South Dakota Represents Defining Investment in American AgricultureSIOUX FALLS, S.D., Feb. 16, 2026 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (Nasdaq: SFD), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced it has initiated the approval process to build a new state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, South Dakota. The new facility, which is subje

articleSmithfield Foods, Inc.February 16, 20264/company/smithfield-foods-inc-common-stock/news/smithfield-foods-to-build-new-state-of-the-art-processing-facility-in-sioux-falls-south-dakota
Smithfield Foods to Build New State-of-the-Art Processing Facility in Sioux Falls, South Dakota

About this update from Smithfield Foods, Inc.

[{"type":"image","alt":"Smithfield Foods, Inc.","displaySize":"","headline":null,"caption":"Smithfield Foods, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":112,"url":"https://media.zenfs.com/en/globenewswire.com/b9740fed413d4932cba8a993e647b7bd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/a5Kq0gZMCjmrcGnM0lfrSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1NztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b9740fed413d4932cba8a993e647b7bd","width":300,"height":112}},"lazy":false},{"type":"text","content":"Partnership with City of Sioux Falls and State of South Dakota Represents Defining Investment in American Agriculture","length":117,"tagName":"p"},{"type":"text","content":"SIOUX FALLS, S.D., Feb. 16, 2026 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (Nasdaq: SFD), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced it has initiated the approval process to build a new state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, South Dakota. The new facility, which is subject to permitting and other regulatory and design approvals, will be built in Foundation Park, a 1,000+-acre heavy industrial park located in northwest Sioux Falls, and will replace Smithfield’s existing plant, which has played a central role in the regional economy for more than 100 years. The company currently employs 3,200 people in Sioux Falls, providing $200 million in wages annually, and supports thousands of indirect jobs in agriculture and other sectors.","length":848,"tagName":"p"},{"type":"text","content":"A Media Snippet accompanying this announcement is available by clicking on this link.","length":85,"tagName":"p"},{"type":"text","content":"Smithfield’s preliminary estimate of the proposed investment is up to $1.3 billion over the next three years. The investment is contingent on securing required permits and other regulatory approvals as well as approval of the final facility design by Smithfield’s board of directors.","length":283,"tagName":"p"},{"type":"text","content":"The proposed combined fresh pork and packaged meats facility will be the most modern of its kind in the U.S., with highly efficient process flow, advanced automation technology and a streamlined design. The new, best-in-class facility will deliver significant efficiency gains t...

More updates from Smithfield Foods, Inc.

Smithfield FoodsSioux FallsSouth DakotaFoundation ParkLarry Rhodenpackaged meatsAmerican food company