JBS S.A. Increases Beef Production, Eyes China

October 9, 2018 02:00 PM
 
JBS S.A. announced expansion plans in Brazil to meet surging export demand from China.

JBS S.A., the world’s largest meatpacker, announced Monday it will invest $12 million in two of its Brazilian facilities to double their beef production. Industry analysts say based on data from the company, these two facilities are the main producers of beef that is exported to the Chinese market.

The two facilities are located in the state of Gerais and Minas. A second work shift has already started in both facilities, where JBS plans to open new jobs between now and June 2019.

According to JBS chief of Brazil's beef division Renato Costa, the company's beef export volume to China surged by as much as 125% when compared to the same period last year.

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