News


Triumph Foods

Local Economic Impact

Tops $135 million

 

For More Information Contact:

R. Patt Lilly, Chief Administrative Officer

                Triumph Foods, LLC

(816) 396-2886

 

 

St. Joseph, Missouri (February 12, 2010)….in January of this year Triumph Foods completed its fourth year of operation in St. Joseph.  The Company which began operation of its hog processing facility in January 2006 now employs 2,600 people and processes over 19,000 hogs each day of production.

 

Triumph Foods estimates its economic impact on the St. Joseph area at $135,782,000.  This includes the Companies payroll, purchases from local vendors, payment of taxes and fees as well as investment in the community.  (Please see attached list providing details).

 

“We are please with our success and the positive impact Triumph Foods has had on St. Joseph, said Patt Lilly, Chief Administrative Officer.  There is little doubt that the partnership between Triumph Foods and the community has been an important part of our success, Lilly went on to say.  In light of difficult economic times and job losses across the country, Triumph Foods has continued to hire people and continues to hire people for certain positions.  Even with the higher unemployment in St. Joseph there is little doubt that Triumph has had a positive impact on local employment”, said Lilly.

 

The Company is considering further investment in plant and equipment during 2010.  “We are constantly evaluating our product mix and customer needs to determine if new products or operations are needed.  This typically results in new investment and the creation of new jobs,” said Lilly.

 

Triumph Foods is a producer owned pork processing company and is an industry leader in the export of quality pork products.  The Company is headquartered in S. Joseph, Missouri.


 

 

Triumph Foods, LLC

 

*       Local Vendor Purchases                                            $28,450,000

 

*       Local Utility Purchases                                             $11,286,000

 

*       Annual Payroll                                                           $94,000,000

 

*       Sales & Franchise Taxes                                            $336,000

 

*       Local Property Taxes                                                  $1,500,000

 

*       Donations to Community Organizations                $210,000

 

 

*       Total Community Economic Impact                         $135,782,000