Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

U.S. meatpacker Smithfield Foods offers to store COVID-19 vaccines in ultra-cold freezers

Published 12/03/2020, 12:10 PM
Updated 12/03/2020, 12:15 PM
© Reuters. FILE PHOTO:  A truck arrives at Smithfield Foods' pork plant in Smithfield

By Tom Polansek

CHICAGO (Reuters) - U.S. meatpacker Smithfield Foods has offered to help health officials distribute COVID-19 vaccines and store them in ultra-cold freezers that are in high demand to support a vaccination campaign, the company's chief administrative officer said on Thursday.

U.S. states, cities, and hospitals are scrambling to buy freezers that can safely store Pfizer Inc (NYSE:PFE)'s COVID-19 vaccine at temperatures of minus 70 Celsius (minus 94 Fahrenheit), significantly below the standard for vaccines of 2-8 C (36-46 F).

Smithfield, owned by China's WH Group (OTC:WHGLY), has multiple ultra-cold freezers. The company is "ready and willing to assist health agencies should storage capacity become constrained," said Chief Administrative Officer Keira Lombardo.

"As it becomes more clear that successful vaccines will become available, we have communicated our capabilities and continued willingness to partner with health officials, including with vaccine distribution and storage," she said in a statement to Reuters.

Latest comments

Thats awesome
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.