JBS invests $301 million to upgrade meat plants in Brazil

Meat packing giant JBS SA will invest $301 million (1.7 billion reais) between 2021 and 2023 to update seven meat processing plants in Southern Brazil.
calendar icon 20 April 2021
clock icon 1 minute read

Reuters reports that seven JBS plants in Rio Grande do Sul will be upgraded.

Wesley Filho, the head of the company's South America division, made the announcement in a videoconference alongside Rio Grande do Sul Governor Eduardo Leite and other state politicians and officials.

The upgrades at the plants are designed to meet both domestic and foreign demand.

($1 = 5.65 reais)

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Source: Reuters

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