In a notable advancement for the Australian red meat sector, Thomas Foods International (TFI), headquartered in Adelaide, has recently finalised a substantial export contract with Shanghai Paradise Garden Healthy Food Company.
This pivotal agreement, valued at $30 million, involves the export of locally sourced red meat to China by the conclusion of 2024. This development is particularly significant for TFI’s meat processing operations in Murray Bridge.
Anthony Stewart, CEO of TFI, emphasised the transformative potential of this deal for both the company and the broader Australian red meat industry. He attributed TFI’s successful expansion into the Chinese market to robust partnerships with reliable entities.
Stewart underscored the pivotal role of TFI’s advanced beef processing facility in Murray Bridge, which he believes establishes a benchmark in the Chinese market. Subject to the facility receiving the requisite export accreditation, there is potential to elevate the annual export target to $60 million.
The agreement also encompasses a mutual commitment to uncover additional collaborative business ventures. This deal is poised to significantly benefit South Australia, promising enhanced trade, job creation, and overall economic growth.
This agreement marks a significant stride for TFI, particularly in light of its recovery from a catastrophic fire that ravaged its original Murray Bridge meatworks six years ago. In 2020, TFI embarked on constructing a new facility at Pallamana, aiming to create a facility that epitomises safety, sustainability, and automation. This facility was completed in May of the preceding year.
The South Australian government has played a supportive role in TFI’s endeavours to penetrate the Chinese market. Premier Peter Malinauskas joined Stewart on a visit to Beijing in September, underscoring the government’s dedication to aiding South Australian enterprises in tapping into the Chinese market.
