Tyson Volume Loss Due to Fire Minimal

The fire at the Tyson Foods plant in Holcomb, Kansas, caused minimal volume losses to the company as it moved production to other plants. Chief Executive Noel White spoke at an investor conference last week. All of the employees were safely evacuated that day. The processing side of the plant wasn’t affected by the fire and is still operating. “I would say the volume loss has been somewhat minimal,” he said. “Now there is a cost in moving cattle a long distance. We can still service our traditional suppliers in that area and we have a lot of long-term, loyal customers that source from the plant. We’ve been able to move those orders to a number of our other plants.” Meating Place Dot Com says White expects the plant to get fully back in operation in the next couple of months. The electrical system was the hardest-hit part of the plant, with most of the downtime due to rewiring the plant’s electrical system. Last week, Tyson lowered its earnings guidance for fiscal 2019.