Tag: meat packer Marfrig

• Thursday, December 22nd 2011 - 05:06 UTC

  Brazilian leading meat processors exchange assets to comply with anti-trust body

  

  Brazilian meat processors BRF Brasil Foods and Marfrig announced a deal on Thursday to trade assets, including a block of properties that Brazilian anti-trust body CADE mandated to be sold as part of the Sadia and Perdigao approval in July.

• 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, August 16th 2011 - 06:30 UTC

  Takeovers’ glut and lack of cattle expose Brazilian leading meatpacker Marfrig

  

  Brazilian leading meatpacker Marfrig will not be considering takeovers until 2012, Chief Executive Marcos Molina dos Santos said on Monday after the company posted a second-quarter net loss.

• 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, April 12th 2011 - 16:34 UTC

  China opens to Brazilian pork and meat distribution hubs in six main cities

  

  China opened its market to Brazilian pork and Brazil’s meat packer Marfrig said it would invest heavily in distribution centres in China. The announcements were made in Beijing where a numerous government and private sector delegation headed by Brazilian president Dilma Rousseff is on an official visit to China.