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JBS USA facilities Like ~ Prepare to expand small supply.
The processor will spend $ 150 million to build a new production floor in a factory in Texas cactus and expand the beef room. It will also pay $ 50 million to build a new distribution center in Colorado Gregory.
Project construction starts this year. Beef giant said it will increase production capacity and increase supply chain efficiency.
JBS US beef operations are facing pressure due to recent prices and lack of livestock. The company’s CFO Guilherme Cavalcanti said North American operations are still challenging in the most recent import requests in November. He pointed out net sales in this sector, which is 6% year -on -year as demand for beef increased.
According to the COBANK report, the margin of the beef processor will be under pressure in the short term because the expansion of the group is not expected to begin by 2026 or 2027. Cooperative Bank said that beef prices would remain “historic best” by 2025.
Last year, the US Labor Bureau said last year that the price of beef and calf rose 4.9%.
“It’s time to invest in the United States, and we’re excited about what the future is,” said Wesley Batista Filho, CEO of JBS USA.
Batista Filho said, “Today’s announcement shows our commitment to the US beef industry and American farmers and ranches. “In JBS, we will continue to prioritize the facility so that the company and the rural areas we live in success in the present and the future.”
The Texas facility employs 3,700 people and pays $ 2.9 billion every year, JBS said. There are more than 3,800 workers in the Colorado plant and $ 3.1 billion in livestock every year.
JBS SA, the parent company of Beef Giant, has been pursuing listing of the New York Stock Exchange for several years. Brazilian companies faced opposition to the IPO of the Environmental and Corporate Governance Group.
