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JBS invests $301 million to upgrade meat plants in Brazil

20 April 2021

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.

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)

Read more about this story here.

Source: Reuters


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