Tag: Marfrig

• Tuesday, August 29th 2023 - 09:59 UTC

  Marfrig and Minerva agree to major moves in the global meat markets

  

  Marfrig and Minerva the two protein production and processing giants, from Brazil, and which dominate a significant share to the global market have agreed to concentrate in different spheres of the market, in a deal that has shaken the whole industry.

• Friday, May 19th 2023 - 09:00 UTC

  Brazilian meatpackers in US facing rough times because of less cattle and inflation

  

  Brazilian meatpackers have seen their balance sheet profits drop significantly during the first quarter of the year given the negative performance of sales in the United States. Losses have been considered more serious than those caused by the nearly month long suspension of Brazilian beef sales to China, the country's other main market.

• Saturday, May 7th 2022 - 10:44 UTC

  Booming beef industry and exports for Brazilian company

  

  One of the largest beef companies in the world with operations in several continents presented its financial results for the first quarter of 2022. Brazil's Marfrig net revenue was 22.3 billion reais, up 29.6% year-on-year. Adjusted Ebitda reached 2.7 billion reais in 1Q22, up 60.9%, and the adjusted Ebitda margin was 12.3%.

• Wednesday, June 23rd 2021 - 05:30 UTC

  Global meat processor moves into Paraguay: plans an abattoir that handles 1,200 cattle per day

  

  Brazil's global meat processor, Marfrig has purchased land to build a major abattoir in Paraguay. Landlocked Paraguay is a full member of Mercosur, who together with partners Argentina, Brazil and Uruguay, has become the world's leading meat export region.

• Wednesday, October 14th 2020 - 09:07 UTC

  China claims it found residues of Covid-19 in Brazilian beef packaging

  

  Two months after China said it found residues of Covid-19 in a batch of chicken wings imported from Brazil, Beijing authorities repeated the announcement, but this time in relation to Brazilian beef. Apparently, traces of Covid-19 were detected in beef packaging during an inspection carried out at the Port of Dalian, one of the largest in the country.

• Wednesday, March 18th 2020 - 06:14 UTC

  Meatpacker Marfrig has a new CEO; plans to buy back shares

  

  Brazilian meatpacker Marfrig has elected a new chief executive officer and plans to buy back up to 5.91 million of its own shares, it said in two separate securities filings.

• Monday, September 16th 2019 - 09:10 UTC

  China opens its market to more Brazilian meat processing plants

  

  Brazilian beef' packer Marfrig Global Foods SA said it is in the process of hiring 400 people to work at its Promissão plant in the state of São Paulo as Chinese demand warrants an increase in meat production.

• Wednesday, June 5th 2013 - 21:08 UTC

  Russia temporary bans beef and poultry imports from three Brazil Marfrig plants

  

  The Russian veterinary and phytosanitary service, Rosselkhoznadzor, temporarily suspended imports from two Brazilian beef slaughterhouses and one poultry processing facility on May 17, citing detection of listeria in shipments, according to processors involved.

• Friday, October 5th 2012 - 22:58 UTC

  Brazil food giant Marfrig preparing for a long weekend of Xmas festivity

  

  Brazil’s food giant Marfrig and the second largest in beef provision, is increasing the use of its installed capacity to address the growing domestic demand according to Joao Sampaio, deputy chief Marfrig’s investors relations.

• Wednesday, November 23rd 2011 - 20:07 UTC

  Brazil’s Marfrig deeper in the red but beef division manages turnaround

  

  A slump the Brazilian currency Real landed Marfrig deeper in the red despite an improved operating result, lifted by takeovers and better tailoring its beef operations to a shortage of cattle.