SAO PAULO (Reuters) – Food processor reported on Saturday (29) that will invest US $ 100 million in the construction of two factories in Vietnam, aiming to expand its presence in the region and strengthen its position in the global market.
According to a statement from the company, the plants will be responsible for the production of beef, pork and birds, and will use mainly imported raw materials from Brazil, designed to supply the Vietnamese market and other Southeast Asia countries.
The agreement was formalized at dawn through a memorandum of understanding with the Vietnamese government, JBS said.
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The deal was sealed during the official visit of President Luiz Inacio Lula da Silva to Vietnam, who marked the opening of the Vietnamese market to Brazilian meat and had JBS as part of the business delegation that accompanied the president.
“The new factories in Vietnam will not only be an expansion of productive capacity, but an investment with purpose: generating value to the local economy, creating qualified jobs, contributing to food safety throughout Southeast Asia,” said Friboi President Renato Costa, in the statement. Friboi, which belongs to JBS, presents itself as a leader in the beef market in Brazil.
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The plan foresees that the first phase of the project will be installed at the Khu Công Nghiệp Nam đình Vũ, where a logistics center with storage capacity will be built, covering pre-processing, cutting and packaging activities, JBS told JBS.
The memorandum estimates that the second factory will be built in southern Vietnam two years after the first unit operations began and will feature similar infrastructure, including a new logistics center and processing plant, he added.
