Seaboard Foods and Triumph Foods have formed a joint venture (JV) to build a new $264m pork processing facility in Sioux City, Iowa.
Construction work on the proposed plant will begin this summer, with planned completion in July 2017.
With around 1,100 employees, the new plant will have the capacity to process over three million market hogs annually and deploy technology to mitigate odors.
The plant will produce a complete range of fresh pork products, which will be supplied to international, retail, food service, and further processing markets.
Seaboard Foods president and CEO Terry Holton said: "Today's announcement marks another step in strengthening our business partnership and position as a leading integrated food system providing customers domestically and throughout the world with premium pork focused on the highest standards for food safety and pork quality consistency.
"We look forward to the new opportunities the plant will bring to our customers as well as the Sioux City region."
Seaboard Foods and Triumph Foods will each own 50% stake in the JV.
Currently, Seaboard Foods markets and sells fresh pork processed by Triumph Foods' St. Joseph, Missouri, and Seaboard Foods' Guymon, Oklahoma plants to domestic markets under the PrairieFresh Premium Pork brand and international markets under the Seaboard Farms and St. Joe Pork brands.
In addition to the new plant, Seaboard Foods and Triumph Foods own Daily's Premium Meats that has bacon processing plants in Salt Lake City and Missoula, Montana, and a third plant that is currently under construction in St. Joseph, Missouri.
