SÃO PAULO – JBS SA announced in a statement that it would be investing 1.85 billion reals ($351.4 million) into its poultry business in the Brazilian state of Paraná.
The meat processor plans to make the investment over the next five years. JBS said it wants to increase the capacity of its existing Rolândia plant by 25% and build a new processed foods plant in the state.
The announcement also explained that JBS expects to create around 2,600 new jobs with the financing.
Currently the meat processor has 3,700 workers in Rolândia with partnerships with 390 integrated producers. When the expansion is completed, 150 more producers will be integrated. JBS already has operations in 14 municipalities in Paraná, including production units, distribution centers, incubators and feed plants.