Tag: JBS

• Friday, March 23rd 2012 - 06:00 UTC

  World’s largest beef producer cuts losses in Argentina and prepares to leave

  

  Brazil’s JBS, the world's biggest beef producer is on the verge of exiting Argentina due to a difficult business environment and because it is not prepared to tolerate further losses in the country.

• Tuesday, November 15th 2011 - 06:23 UTC

  Brazil’s JBS, world’s largest beef producer plans to expand dairy business

  

  Brazil's JBS, the world's biggest beef producer, intends to expand its dairy business with strategic plans next year after the unit's double-digit growth in recent years.

• Wednesday, October 26th 2011 - 02:27 UTC

  Marfrig plans massive restructure to reduce costs and trim debt

  

  Brazilian meat processor Marfrig will restructure multiple segments of the company between now and December in an effort to reduce costs and trim away at its current debt of BRL10.3 billion (5.8 billion dollars), the company's president said this week in an interview with Valor Economico newspaper, partly reproduced by Meat trade news Daily.

• Tuesday, October 4th 2011 - 20:38 UTC

  Weaker Real expected to bolster Brazil’s meat sector exports

  

  A weaker Brazilian Real should give companies in Brazil's meat sector more flexibility to increase export volumes and could also provide a short-term boost to margins.

• Wednesday, August 31st 2011 - 08:51 UTC

  World’s largest beef producer relocates operations to save on taxes

  

  The world's largest beef producer, Brazil's JBS, will shift its meat packing operations to other locations where it operates in the country, to reap tax savings, the company said on Tuesday.

• Thursday, August 25th 2011 - 00:00 UTC

  Brazilian government comes to the rescue of giant meat corporation JBS SA

  

  Brazilian meat giant JBS S.A. has announced that BNDES (Brazilian Development Bank) converted a large amount of JBS debt into equity, boosting the bank’s shareholdings in the company to 30.4% from 17% previously.

• Wednesday, August 17th 2011 - 14:40 UTC

  Brazil JBS, world’s largest beef producer, reports losses and mounting debt

  

  Brazil's JBS SA, the world's biggest beef producer, reported a second-quarter net loss of 180.8 million Real (114 million dollars), reversing a year-ago gain as US performance suffered.

• Saturday, July 9th 2011 - 06:37 UTC

  US beef and poultry become highly competitive as costs soar in Mercosur

  

  Brazil’s JBS SA, the world’s biggest beef producer, is betting on a rebound in U.S. meat sales as a weak dollar makes production in the country as competitive as in emerging markets.

• Thursday, May 19th 2011 - 06:36 UTC

  Government support for Brazil’s meat industry, one of the world’s main exporters

  

  The world’s largest beef producer, Brazil’s JBS announced its board agreed to boost its capital by as much as 3.48 billion Real (2.15 billion US dollars) through a private placement with Brazil’s state economic and social development bank.

• Tuesday, March 29th 2011 - 04:44 UTC

  Cheap dollar makes US a formidable competitor in beef and chicken production

  

  Emerging countries such as Brazil found a significant space to expand meat exports during the last decade but a heavy weight competitor, United States will be gaining international competitiveness in the sector in coming years because of the steep depreciation of the US Dollar against other currencies.