Growth
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Investments in Brazil are planned.
BRAZIL, Sao Paulo. JBS, the world’s largest animal protein producer, plans to invest about $1.9 bn. in Brazil over five years. The company braces for strong demand for meat products at home and abroad, Chief Executive Gilberto Tomazoni commented on the upcoming investment.
According to Tomazoni, the expected growth in protein demand should continue over the next decades, which justifies plans to increase the capacity of meat and processed products in Brazil.
Source: Reuters