Marfrig negotiates reactivation of factory with government

The food processing company Marfrig, the world’s largest hamburger producer, announced on Friday that it is studying with the government of São Paulo the possible reactivation and expansion of a factory in the interior of the state, a project that can consume investments of R$600m.

According to the company, “an engagement term” to evaluate the investment was signed on Friday. The factory, located in the city of Promissão, “should produce 100,000 tons of food per year” and will be “dedicated to the production of processed foods derived from animal and vegetable protein”.

Marfrig stated that the deadline for the execution of the works and reactivation of the unit is 36 months, “starting at the conclusion of the negotiations”.

The term was signed in conjunction with Investe SP, an investment promotion agency of the São Paulo government.

If plans advance, the Promissão unit will complement production at Marfrig’s Várzea Grande (MT) plant, the company said.

Source: Reuters

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