SÃO PAULO (Reuters) – BRF (), one of the largest food companies in the world, announced on Wednesday the acquisition of a processed food factory in Henan province, China.
“The transaction marks a significant step for the company, which now has an industrial operation in the Chinese market, where it already sells animal protein,” the company said in a statement.
According to the company, around R$460 million will be invested, with R$250 million in the acquisition and the remainder in capex for adjustments and expansion of two burger lines.
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Built in 2013, the plant has two food processing lines, with a current capacity of around 30 thousand tons per year, BRF said.
The investments are expected to generate around 850 new jobs and double the factory’s capacity to around 60 thousand tons per year.
The new production unit is expected to be operating under the management of BRF in the first quarter of 2025.
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The announcement was made on the same day as Chinese President Xi Jinping’s state visit to Brasília.
(By Ana Mano and Roberto Samora)
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