Smithfield Foods owned by China?
On May 29, 2013, WH Group, then known as Shuanghui Group or Shineway Group, the largest meat producer in China, announced the purchase of Smithfield Foods for $4.72 billion.
YES. Have for some time.
Smithfield was sold to Shuanghui International in 2013. They have ChiCom ties.
Smithfield is the source of the raw material, crude heparin, made from pig intestine which is used to make 25% of the blood thinner drug heparin used in the US. According to the FDA in 2014 China provides 50% of the heparin used in the USA.
In 2007 China dumped adulterated heparin active ingredients on the US and other countries. The result was deaths and permanent organ damage to many heparin recipients, including children.
So by owning the the largest pork producer in the USA, the Chinese even have control over the raw materials we need to make heparin here in the US. Heparin is absolutely vital for major surgery and dialysis.
Largely, apparently.
“Smithfield was sold to Shuanghui International in 2013.They have ChiCom ties.
Goldman Sachs owns a 5% share of Smithfield.
Smithfield is the source of the raw material, crude heparin, made from pig intestine which is used to make 25% of the blood thinner drug heparin used in the US. According to the FDA in 2014 China provides 50% of the heparin used in the USA.
In 2007 China dumped adulterated heparin active ingredients on the US and other countries. The result was deaths and permanent organ damage to many heparin recipients, including children.
So by owning the the largest pork producer in the USA, the Chinese even have control over the raw materials we need to make heparin here in the US. Heparin is absolutely vital for major surgery and dialysis.
“
More details amongst the posts in this thread:
http://freerepublic.com/focus/f-news/3834413/posts
Yes..a percentage of the pork processed is exported back to China. Not sure what that percentage is.
Yes it is