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Stock impact report

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

Smithfield Foods, Inc. (SFD) 
Company Research Source: GlobeNewswire
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. A Media Snippet accompanying this announcement is available by clicking on this link. Smithfield’s preliminary estimate of the proposed investme Show less Read more
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