Brazil

Brazilian meat producer to invest $15.86 M to modernize its facilities

Beef

Supremo Carnes plans to invest R60 million ($15.86 million) in its facilities to increase its meat production by 2020, according to local media.

Posted on Jul 24 ,12:29

Brazilian meat producer to invest $15.86 M to modernize its facilities

Grupo Supremo Carnes, headquartered in Ibirité, in the Central region of Minas Gerais, wants to install deboning systems in some of its cattle slaughtering units located in Campo Belo, in the Central-West region, and Abaeté, Central region.

The group also announced that part of the investment will be directed towards improving its Carlos Chagas plant in the Mucuri Valley, where it already holds a deboning system for cattle.

The Brazilian company estimates that after modernizing the plants its meat production will increase by 35-40%, which will allow it to gain also an increase in market share.

"Our project is medium to long term and we will invest R $ 60 million. Our expectation is to increase 35-40% beef production and expand our operations in the national markets - mainly in Minas Gerais - and international markets, " Sandro Silva de Oliveira Júnior, CEO of Grupo Supremo Carnes, explained.

BeefPoint reports that currently 70% of the company's beef production is destined for the Brazilian market, while 30% is exported to around 30 countries. The main importers of its meat are countries from the Middle East and Southeast Asia.

By modernizing its plants, the group expects to meet the more demanding export requirements from markets such as the European Union and the United States, where it plans to sell part of its beef in the future.

Photo Source: Wikimedia Commons/Thomas Bjørkan

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

AUSTRALIA

MLA: Australian cattle herd in official destock

The data, analysed by Meat & Livestock Australia (MLA), shows that the last quarter was the l...


Read more Read more
BRAZIL

JBS Fund and Basa sign agreement for credit to small producers in Pará

The partnership aims to facilitate access to Pronaf Mais Alimentos credit for 1,500 family farmer...


Read more Read more
UK

UK: NPA welcomes confirmation of 12-month EUDR delay

The European Commission proposed the delay in early October in response to concerns raised by mem...


Read more Read more
Websolutions by Angular Software and SpiderClass