JBS plans US$1.91bn investment in Brazil
Dec, 05, 2019 Posted by Sylvia SchandertWeek 201950
JBS, the world’s largest producer of animal protein, plans to invest about R$8bn (US$1.9bn) in Brazil in the next five years as it prepares for strong demand for meat products in the country and abroad, said company CEO Gilberto Tomazoni.
According to the executive, the expected growth in protein demand should continue in the coming decades, which justifies the plans to increase the company’s capacity for meat and processed products in Brazil.
Source: Reuters
Related Post
-
Steel and Aluminium
Nov, 17, 2023
0
ArcelorMittal to stop factories, furlough workers
-
Economy
Nov, 17, 2021
0
October agribusiness exports hit record US$ 8.84 bi
-
Ports and Terminals
Mar, 26, 2020
0
ANTAQ praises new health measures stipulated by Anvisa in fight against coronavirus
-
Shipping
Sep, 23, 2021
0
More than 150 organizations support the total decarbonization of international maritime transport