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Diving Briefs:
- JBS USA said that it will spend $ 135 million in building a sausage plant in Iowa Ferry as a pork demand fuel that requires pork in the world’s largest meat company.
- The facility, which is expected to start operations in late 2026, plans to produce 110 million pounds of sausage every year. The factory will create 500 jobs.
- Based on Brazil, JBS is expanding its position in the United States, preparing to list stocks on the New York Stock Exchange. The company also said it will spend $ 200 million in February to expand beef production in Texas and Colorado facilities.
Dive Insights:
JBS is eager to become “the best food producer of the United States,” and is actively investing in manufacturing footprints.
“Iowa A Investment (Iowa) emphasizes our devotion to the US and the strength of the US market,” said Wesley Batista Filho, CEO of JBS USA.
JBS’s stocks and planned listing on the expansion of the United States were burned by environmentalists and Democrats. They warn that meat giants have a long history of foresting, child labor and other companies.
The company’s recent US investments can claim some of these concerns as JBS promotes the plan as a way to strengthen economic development with rural communities.
In particular, the decision to be built in the ferry was more than a year after Tyson Food closed the pork factory in Iowa City and fired more than 1,200 workers.
Tyson’s layoffs triggered the pushback of local and federal officials, and the factory remains dormant as the city considers the future development opportunities.
In addition to replacing these jobs, JBS’s investment offers new opportunities for pork producers who have lost their business at Tyson exit. The JBS plant is expected to handle 500,000 sows annually.
Aaron Juergens, the pig farmer of Iowa Carol and Iowa Pork Producers Association, said in a statement: “Aaron Juergens, the president of the Iowa Poor Producers Association, said,“ We are this new processing I am happy to see continuous investment in Iowa pork industry with the opening of the facility. ”
As the meat giant conspired the expansion of the United States, the company reported a rise in pig sales in a cheap alternative to beef. In the first quarter, JBS USA surged 50% year -on -year, with a 5% increase in pork sector.
