Introduction to JBS and its Global Reach
JBS, the world’s largest meat processing company based in Brazil, made its debut on Wall Street in mid-June. According to JBS executives, this new phase opens the door for extensive global expansion plans.
JBS Chile’s General Manager Sees Opportunities
Viviana Segovia, JBS Chile’s General Manager, expressed her optimism about this new chapter in an interview with DFSUD during the “Brazilian Beef Dinner.” Segovia highlighted that JBS’s expansion plans encompass all protein sources, with Chile being a crucial market for their strategy.
Chile’s Importance to JBS
As the third market for JBS’s products, Chile holds significant importance. Being close to Brazil’s largest South American economy, Segovia mentioned that JBS views Chile favorably for investment. She stated, “We are looking into opportunities post-IPO and likely new ideas for investment in Chile.”
Abundant Opportunities in Chile
Segovia pointed out that JBS sees “a lot” of potential in Chile, despite its small size compared to China and the US. She explained that JBS exports various products like pork, burgers, sausages, chicken, beef, and pork to major factories such as PF and Agrosuper.
Product Portfolio in Chile
JBS currently offers over 100 product types in Chile, including burgers, nuggets, sausages, chicken, beef, and pork. Segovia mentioned that while JBS has grown through acquisitions worldwide, no decisions are finalized yet.
Strengthened Position for Growth
Segovia emphasized that JBS is well-positioned to grow organically and inorganically. They are focusing on finding new protein alternatives in Chile, which is vital for both the country and JBS. She anticipates that the poultry export market will open soon, ideally by July.
Key Questions and Answers
- What does JBS’s IPO signify for the company? The IPO marks a new phase for JBS, opening doors to extensive global expansion plans.
- Why is Chile significant for JBS? As the third market for JBS’s products and a neighboring country to Brazil, Chile is crucial for JBS’s investment strategy.
- What opportunities does JBS see in Chile? Segovia highlighted abundant potential in Chile, with various protein exports and plans to discover new protein alternatives.
- What products does JBS offer in Chile? JBS provides over 100 product types, including burgers, nuggets, sausages, chicken, beef, and pork.
- When can we expect the opening of Chile’s poultry export market? Segovia hopes this will happen no later than July.
