Brazilian food conglomerate BRF has announced it is investing $160 million in a new processed food plant in Jeddah, Saudi Arabia. In a press release, BRF said the new plant would have a production capacity of around 40,000 tonnes per year to begin with, but with potential for that to be doubled. It will initially serve the Saudi Arabian market, although goods may subsequently be exported to other countries in the region as well. …
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BRF, the Brazilian meat and poultry firm announced that the company will invest R$70 million ($13 million) to build a distribution centre in the greater Vitoria region in Espirito Santo, Brazil. According to an article in Newtrade, the new centre will have more than 13,000 sq. mt. of built area, with solar panels capable of generating up to 1.5 megawatts of energy. The facility is planned to be BRF’s most …
Brazilian beef producer Marfrig Global Foods has acquired 24.23 percent of chicken and pork producer BRF in the stock exchange, becoming the company’s top shareholder. According to sources, despite becoming the largest shareholder in BRF, Marfrig plans to be a passive investor only, and the move was made with the aim of diversifying its investments “in a segment which complements the sector where it does business”. Since Marfrig focuses on …
BRF, the Brazilian meat and poultry firm, is investing $120 million to open a chicken processing plant in Saudi Arabia to strengthen its Middle East presence, according to a Reuters report. The investment underlines BRF’s goal to remain a leading supplier to countries of the Gulf, BRF chief financial officer Carlos Moura is quoted as saying. The company currently operates a facility in Abu Dhabi (UAE) serving the region, in addition to …
Brazilian food companies BRF and Marfrig have entered into talks to merge their companies and potentially create one of the world’s largest meat producers, the firms have announced. The companies said the potential merger would help to scale and increase geographical and product diversification, including expanding operations in South America, the US and Middle East, reducing financial leverage and risk exposure. The structure of any combined company has not yet …
Brazilian food conglomerate BRF has announced the sale of its assets in Campo Austral, a manufacturer of refrigerated and frozen meat products, and with it its exit from the Argentinian meat sector. According to Clarin, the $145.5 million sale was executed in parts, as the Campo Austral plant in Florencio Varela and its associated assets and liabilities, including the Bocatti and Calchaqui brands, will be taken over by the Argentine …
Brazilian food conglomerate BRF has announced an investment in a new distribution centre to be built in the state of Parana, Brazil. The new facility, located in the city of Londrina, represents an investment of R$80 million ($25 million) and will occupy an area of over 150,000 sq m, according to the company. “The centre will be designed to receive up to 150 trucks per day, of different sizes, that …
Brazilian food conglomerate BRF is launching a multigrain margarine product under its Qualy brand, according to a report in Giro News. Qualy Multigrain Margarine is described as containing the benefits of six whole grains – flax, oat, chia, quinoa, sunflower and sesame – and comes in 250g tubs with an RRP of 4.70 BRL ($1.37). Unlike other margarines, the grains are said to be added whole. Commenting on the launch, …
BRF, the Brazilian meat processor, is embarking on a partnership with UK chef Jamie Oliver for the launch of a new line of chicken products made with natural ingredients, according to reports in the Brazilian media. The line of “gourmet” frozen products is the result of a R$50 million ($15 million) investment that is designed to inspire Brazilians to eat more healthily and using less processed ingredients, Giro News reports. The project …
BRF, the Brazilian meat conglomerate, has announced that it has acquired the Argentinean firm Campo Austral, according to a report in Giro News. Campo Austral operates a chilled pork facility in San Andres de Giles, near Buenos Aires, processing the equivalent of 3,000 tonnes of fresh meat per month for both domestic and export markets. A second plant in the Parque Industrial Pilar produces a line of cold meats as …
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