2. Hormel Foods Overview
• Global, $8 billion company with
headquartersin Austin, Minnesota
• More than 19,800 employees
• Purchase over 3 million hogs per year
from Minnesota family farms
4. Leading Brands
At least 34 products have #1 or #2 market
share positions in their category
• These categories span our Grocery Products,
Meat Products and Jennie-O Turkey Store segments
6. Founding Fathers
What started with
two young
entrepreneurs has
turned into one of
the world’s largest
turkey processors –
processing over 1.2
billion pounds on an
annual basis
Wallace Jerome
Earl Olson
15. Jennie-O Turkey Store Exports
• Exports have
increased over time
• Export revenue
increased 25%
in the past 2 years
• Key new markets
include…
•
•
•
•
•
Africa
China
Dominican Republic
Philippines
Middle East
1,000 metric tons
million U.S. dollars
17. Pork Exports
U.S. Pork Exports
HFIC Pork Exports
January – March 2013
January – March 2013
Australia
3%
Philippines
2%
Canada
Taiwan
11%
3%
Taiwan
3%
(In volume)
South Korea
7%
Mexico
26%
Mexico and Central
America
3%
Japan
13%
Japan
21%
Others
8%
China / HK
19%
Philippines
4%
China / HK
51%
South Korea
26%
22. China Strategic Mission
MISSION: Hormel China has a business model
focusing on foodservice and retail portfolios.
Foodservice
Expansion
Focus
Refrigerated
Retail
Expand
Ambient
23. Global SKIPPY® Net Sales
Canada
$20 million
China
$30 million
China Exports
$18 million
$95
million
24. Hormel Operations in China
Beijing Hormel Foods Company, Ltd.
Weifang Plant
Shanghai Hormel Foods Company, Ltd.
More than 1,100 employees
25. Our Legacy of Corporate Responsibility
• George A. Hormel and his vision
• Operating responsibly
• Taking care of our people,
our communities
• Jay C. Hormel and profit sharing
• Hormel Foundation
• Hormel Institute
26. Step Up Program Highlights
• What is Step Up?
• A nationally-recognized model for youth
workforce development and mentoring,
initiated in 2002 by Minneapolis Mayor RT
Rybak, chaired in 2013 by Richard Davis,
CEO US Bank.
• Why?
• To provide low-income high school juniors in
Austin a paid professional work experience
that might not otherwise be available to them.
• How did we partner with Austin
and Pacelli High Schools?
• Targeted high school juniors who met
qualifying criteria (GPA, income).
• Application process, work readiness
training, interviews, mentoring, feedback,
coaching, metrics.
• Where would the students work?
• Various functional areas at Hormel Foods
(R&D, HR, IT, Plant, Ops, Consumer Insights).
• Dates of the program?
• June 17th - August 9th (20-30 hours per week).
30. Corporate Responsibility Recognition
•
•
•
•
G.I. Jobs
CR Magazine’s 100 Best Corporate Citizens
Green Plant of the Year-Progressive Processing
Other awards
• Plant community donations
• Project SPAMMY™
31. Closing
• Minnesota Agri-Growth participants are vital
to the future of feeding the world
• The work you do is extremely important;
together we can make a difference
Hinweis der Redaktion
Jennie-O Turkey Sore HistoryMore than 70 years of innovation.In 2001 Jennie-O Foods and The Turkey Store Company merged under Hormel Foods Corporation to become the brand you know today—Jennie-O Turkey Store. What began as the visions of two entrepreneurs has turned into one of the world’s largest processors and marketers of turkey products.The vision for today’s brand can be traced back to our founding fathers—Earl B. Olson and Wallace Jerome. The two are remembered as visionaries who made countless contributions to the innovation of the turkey industry. Earl B. Olson, Founder of Jennie-O FoodsEarl B. Olson is considered an icon in the turkey business. His tireless efforts and forward thinking helped propel Jennie-O Turkey Store and the turkey industry to what it is today.1940: Earl starts raising turkeys while managing a small creamery.1949: Earl purchased his first turkey processing plant, Farmer's Produce Company, in Willmar, Minnesota.1950: Dairy and other poultry products are phased out to focus solely on turkey.1953: Earl converts Farmer's Produce to a USDA-inspected turkey plant and names the brand Jennie-O®—after his daughter, Jennifer.1954: Earl purchases a second plant and seeks international distribution.1963: Earl's son, Charles, joins the sales staff.1971: Farmers Produce becomes Jennie-O Foods.1973: The Willmar Avenue plant and corporate office are built to accommodate expanding processing capabilities.1974: Charles becomes president of Jennie-O Foods.1984: Jennie-O Foods is among the first to develop the turkey hot dog, using a top-secret seasoning recipe and a custom-built, continuous oven stretching 100-feet long.1986: Jennie-O Foods becomes a wholly-owned subsidiary of Hormel Foods Corporation. Wallace Jerome, Founder of The Turkey Store Company1922: At age 13, Wallace begins raising turkeys.1941: Wallace founds The Turkey Store Company, an early leader in the industry.1951: Wallace purchases a second plant and names it Badger Turkey Industries. This facility is the first federally inspected, cooked-turkey processing plant in Wisconsin.1964: Badger Turkey Industries becomes Jerome Foods.1974: Wallace’s son, Jerry, joins the company as executive vice president.1980: Jerry is named president of The Turkey Store Company.2001: The Turkey Store Company becomes a wholly-owned subsidiary of Hormel Foods Corporation. Jennie-O Foods and The Turkey Store Company are merged forming Jennie-O Turkey Store.
We usually just say "over 200". The number is closer to 250 if you add farms that are independent as well.
Pine Hill – The BritainsClear Lake, WI
Jean,1. You are correct that the photo labeled Beijing Capital Agri Group should be Beijing Hormel Foods Company, Ltd. - This is the best photo we have.2. I would also recommend that you keep the Shanghai plant photo labeled Shanghai Jinjiang Group, but this should be Shanghai Hormel Foods Company Ltd. The photo does not show the innovation center as it is imbedded into our office building.3. The Weifang plant photo that you have is ok, if not a little touched up. We do not have a better one yet. The plan is to update a location photo when the signage is Hormel Foods.JV and Plant employees are as follows:Total number of employees: 1106 Plant employee: 806 Ruben is looking for a few innovation center photos. I will forward those tomorrow Wednesday (Oct. 23).