JBS See Brazilian Growth Post Merger Failure

BRAZIL - In view of recent events in the beef sector in Brazil, JBS S.A. has decided to advise its shareholders and the market in general that it has not observed any reduction in margins in its activities in Brazil during the first two months of 2009.
calendar icon 4 March 2009
clock icon 1 minute read

Considering the relevant installed slaughter capacity, the Company is performing a study during this month of March to evaluate which of its plants will have production increased, resulting in the possible hiring of up to 5,000 new collaborators during the first semester of 2009.

As a manner of compensating possible losses to ranchers, the Company is also reducing the discount for cash payment for the purchase of cattle from 4 per cent to up to 2 per cent per month.

These actions serve to contribute towards an orderly off take of cattle as well as to maintain a balanced consumer market, resulting in the preservation of jobs, the strengthening of the beef production chain and the expansion of the market share of the Company in the beef sector.

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