JBS has built a new factory in Brazil for its Friboi beef business unit to meet domestic market demand.
The company invested more than BRL 70 million ($17.1 million) in the plant’s acquisition and construction, and it has initially generated about 300 jobs.
Located in Brasnorte, in the state of Mato Grosso, the factory has an initial capacity to process 500 animals per day.
“We believe in Brasnorte’s potential, which will bring even more relevance to our cattle operation in Mato Grosso state. We have invested not only in building an excellent facility with modern equipment and workflows but also in high-quality training to our local workforce with a focus on occupational safety,” said Renato Costa, president of Friboi.
“We will continue investing in all our plants in the coming years, what reaffirms the company’s long-term commitment to Brazil.”
This is the first stage of investments in Brasnorte plant, which is to be expanded in the future, creating 900 more jobs.
Friboi has 37 production plants in Brazil and sells its products in more than 150 countries.
Last month, JBS entered into an agreement to acquire Bunge’s margarine and mayonnaise assets in Brazil through its Seara Alimentos subsidiary. The deal, which is worth BRL 700 million, includes three production plants.
© FoodBev Media Ltd 2020