Sadia Delays New Plant Decision on EU Restrictions
BRAZIL - Sadia SA said it will postpone a decision on where to build its new meatpacking plant on concern the European Union may tighten restrictions on Brazilian beef.
13 December 2007
1 minute read
* "Between one place and the other, it will all depend on what the EU decides" |
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Chief Executive Officer Gilberto Tomazoni
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Sadia, Brazil's second-biggest foodmaker, will delay an announcement by 30 days on the location of its new plant while it awaits a decision on EU beef imports, Chief Executive Officer Gilberto Tomazoni said today at a press conference in Sao Paulo.
Valor Economico reported today that the EU may require all Brazilian meat producers to pass an inspection to export beef to member countries. The move would overturn an agreement granting permits to meatpackers in certain regions of Brazil, Valor said, citing a Brazilian Agriculture Ministry official it didn't name.
Sadia, which is considering three locations for its new plant, will wait to see which region is least affected by the EU's rule change, Tomazoni said. "Between one place and the other, it will all depend on what the EU decides," he said.
The European Union said today that talks within the 27- nation trading bloc on rules governing meat imports from Brazil following safety concerns were "inconclusive."
The European Commission is still "assessing the findings'' of a mission to Brazil, said Haravgi-Nina Papadoulaki, a health spokeswoman at the EU's executive body. "The commission is considering the action that needs to be taken," she said in a phone interview from Brussels.
Source: Bloomberg
