JBS-Swift Invest in Australia
BRAZIL - Brazilian beef giant JBS-Swift, has invested millions of dollars in new plate freezing facilities at their plants in Australia.
8 December 2008
1 minute read
This comes at a time when most plants, are converting from frozen product to chilled product, therefore obtaining a higher price, reports William Hayes for the Argentine BeefPackers S.A.
JBS-Swift see things differently however, with the Russian and Indonesian markets still requiring frozen product, and this is likely to be the case for several years to come.
Neither country, who are now the largest buyers of secondary grade meat, have the infrastructure to handle large volumes if chilled meat, according to Ian Mars, head of the JBS-Swift Australian operations.
The company produced 340,000 tons on boneless beef, in its 4 main Queensland meat processing factories in 2007.
This figure will be higher in 2008, with the recent acquisition of Tasman Meats.
The company was floated on the New York Stock Exchange (NYSE) last week, as it continues its remarkable expansion.
Beef is still the biggest industry, in the state of Queensland in Australia.
TheCattleSite News Desk
