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
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