JBS consumes investment in the new American meat factory

JBS giant Brazilian meat JBS has revealed another investment in the United States, with total expenditures this year to more than 800 million dollars.

JBS gets an ANKENY facility, Iowa, which was previously owned by the Hy -Ve retail series, and plans to spend $ 100 million to buy the site and its design to produce bacon and sausages.

The company listed in a statement late yesterday (August 13) said that the 186,000 square feet factory will be “the largest bacon ready for eating and the sausage factory ready to eat in the American company’s portfolio.”

After investing and completing the upgrade, JBS added that about 400 jobs will be created on the site as soon as they are fully operated, which is expected by mid-2016. She said that the company will seek to employ the former HY -Ve workers who were working in the factory, without providing any numbers.

“The declaration today is in line with our long -term strategy of providing more value -added and prepared food products to meet the needs of our customers and consumers,” said Wesley Batista Felho, CEO of JBS.

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JBS revealed last month a 400 million dollars investment Through its US headquarters pride in the new food facility in Walker Province, Georgia.

Once again in Iowa, meat specializes The project announced 135 million dollars In May, the new sausage factory runs the American Business Unit, JBS USA.

Cow meat elbows were benefiting from a It is planned for $ 200 million investmentFebruary, in the United States in Texas and Colorado.

“This attachment is that you will not only expand our modified works in the United States, but will also benefit from the synergy and strategic supplies of products from our other factories in the region,” added Rick Foster, head of food prepared in the United States Department, yesterday.

JBS also announced the results of the second quarter, along with the latest investment of the IWA factory.

Revenue increased by 8.9 % to $ 20.9 billion for the same quarter in the previous year.

The modified Ebitda decreased by 7.4 % to $ 1.8 billion, and the margin decreased 140 basis points to 8.4 % based on international standards to prepare financial reports. The net income increased more than 60 % to $ 528 million.

JBS has completed an additional list on the New York Stock Exchange in June, where it was now inserted into both the United States and Brazil.

“JBS Punnels Investment in the new meat factory” was originally created and published by Just foodThe brand owned by Globaldata.

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