JBS, the World’s Largest Meat Producer, to Expand Operations
Brazilian meat processing giant JBS has announced a $70 million investment in Paraguay over the next two years, including the acquisition of a poultry processing plant. This move marks JBS’s return to Paraguay after selling its cattle slaughterhouses to rival Brazilian company Minerva in 2017.
Key Details of the Investment
- JBS, the world’s largest meat producer, will invest $70 million in Paraguay.
- The investment includes the acquisition of Pollos Amanecer, a Paraguayan poultry brand.
- The plant is located in the Doctor Juan Eulogio Estigarribia district.
- Post-expansion and modernization, the plant will process 100,000 birds daily.
JBS’s Global Reach and Impact
JBS, under the leadership of CEO Gilberto Tomazoni, is a global leader in meat production. The company employs over 280,000 people across various countries, including Brazil, the United States, Canada, the United Kingdom, Mexico, and Australia. The Paraguayan investment is part of JBS’s ongoing global expansion strategy.
Context and Relevance
The announcement was made during Paraguayan President Santiago Peña’s visit to a JBS plant in Brazil. This investment signifies JBS’s commitment to strengthening its presence in the Paraguayan market and contributing to the country’s economic growth. The expanded poultry processing plant will not only cater to the domestic market but also facilitate Paraguay’s entry into the global poultry market.
Key Questions and Answers
- Who is JBS? JBS is a Brazilian multinational meat processing company and the world’s largest meat producer.
- Why is JBS investing in Paraguay? The investment aims to expand JBS’s operations in Paraguay, strengthen its market presence, and contribute to the country’s economic growth.
- What is the nature of the investment? JBS plans to invest $70 million in Paraguay over two years, including the acquisition of a poultry processing plant.
- What will the expanded plant process? After modernization, the plant will process 100,000 birds daily.
- How will this impact Paraguay? The investment is expected to boost Paraguay’s poultry industry, create jobs, and facilitate the country’s entry into the global poultry market.
