date:Nov 19, 2012
Brazilian meat producer JBS plans to open six processing facilities, which are expected to boost the company's current beef production capacity in Brazil by 15%.
With this project, the company is trying to gain advantage of the grass-fed beef industry in Brazil and increase its market share, with beef producers in the US, Europe and Australia are reducing their production capacity due to high grain costs.
The six plants will increase the company's processing capacity by 1.2 million cattle a ye