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S.D. beef plant clears final financial hurdle

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News Willmar,Minnesota 56201 http://www.wctrib.com/sites/all/themes/wctrib_theme/images/social_default_image.png
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S.D. beef plant clears final financial hurdle
Willmar Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201

ABERDEEN, S.D. (AP) — A beef processing plant in South Dakota that has struggled to begin operations says it has enough finances to get to full production.

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The Northern Beef Packers plant in Aberdeen began production on a limited basis last fall. Land for the $109 million plant was secured in 2006, but numerous problems including financial issues, lawsuits and flooding repeatedly pushed back the opening date.

Spokeswoman Laure Swanson tells the American News (http://bit.ly/UCvTda) Northern Beef Packers has now raised more than $150 million, an amount that includes the working capital the plant needs for full operation. The plant eventually will process 1,500 cattle a day from the Dakotas, Nebraska, Iowa and Minnesota.

Northern Beef has hired more than 350 workers and eventually will employ 500. It also is continuing to add customers.

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Associated Press
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