The cell-based meat company will use the money to expand its pilot production facility.

The target company develops cultured fat products such as those from cattle, chicken or geese.

This will be the first plant-based protein production plant in the country.

China continues to grow as a beef import market.

In the wake of closures and ongoing absenteeism, processors are focusing on recruitment and retention.

The company plans to add 400,000 square feet to the facility.

The company has not yet decided on the location for the $200 million plant.

Analysts project declines in production in major pork-producing countries.

Both human and animal disease outbreaks have stoked volatility in global poultry markets.

The Bell Food Group’s latest investment will go toward financing a new facility where production will begin in 2021.