trending Market Intelligence /marketintelligence/en/news-insights/trending/h3nyyxn0lti_i0prmmm2eq2 content esgSubNav
In This List

Brazil's JBS invests 45M reais in plant expansion

Blog

Perspectivas América Latina 2023 Emerging Trends & Growth

Blog

Insight Weekly: SVB fallout limited; US rents up; renewable natural gas investments flow in

Blog

Bank failures: The importance of liquidity and funding data

Blog

A Cloud Migration Plan for Corporations featuring Snowflake®


Brazil's JBS invests 45M reais in plant expansion

Brazilian meat processor JBS SA invested 45 million reais in expanding two domestic plants in response to strong Chinese demand for imported beef, Reuters reported Oct. 9, citing a company announcement.

The funding is expected to double production capacity at two of JBS' plants in the state of Minas Gerais, the report said.

Renato Costa, chief of JBS Brazil's beef division, reportedly said 2018 exports to China rose 125% year over year.

As of Oct. 9, US$1 was equivalent to 3.74 Brazilian reais.