JBS plans to invest $351 million in Paraná state, Brazil to up processing capacity
JBS SA, the world's largest meatpacker, announced that it will make a $351.39 million investment in Paraná state through 2025.Reuters reports that the new investment forms part of a strategy to expand JBS' capacity in Brazil's largest poultry-producing state.
The meatpacker said in a statement it will build a new processed foods factory there and will increase capacity of its Rolândia plant by 25%.
($1 = 5.2648 reais).