Brazil

Friboi will invest BRL 800 million to triple the unit's production capacity in Diamantino

JBS announced an investment that will triple the production capacity of its Friboi unit in Diamantino, in the state of Mato Grosso. With an investment of R$ 800 million ( 1 BRL= 0,19 EUR) in the recovery and modernization of the factory, at least 1,400 jobs will be created in the place, in addition to maintaining the current ones. The workforce will be doubled at the unit, to 2,800 employees. Currently, JBS is responsible for generating more than 9,500 direct jobs in Mato Grosso. The number will approach 11,000.

Posted on Jun 30 ,00:10

Friboi will invest BRL 800 million to triple the unit's production capacity in Diamantino

The announcement of the investment was made by the CEO of JBS in Brazil, Gilberto Xandó, and by the president of Friboi, Renato Costa, during a meeting with local authorities and with the Minister of Agriculture and Livestock, Carlos Fávaro, on a visit to unit, whose production has been interrupted after the fire that hit part of the facilities. The meeting also included the participation of Wesley and Joesley Batista, from the J&F group, the holding company that controls JBS.

"Mato Grosso is an extremely important region for JBS and for Friboi. This investment in Diamantino is a reflection of our commitment to continue to support and invest in the state", said Joesley.  "It is a demonstration of how strategic the region is for us", said Wesley. "We are excited about the prospect of expanding our presence in the municipality, and we hope to further strengthen the livestock industry in Mato Grosso, contributing to its economic development", highlighted Xandó.

In addition to inform about the investment in expansion, Xandó and Costa also announced that JBS will maintain the employment of approximately 1,400 employees at the unit during this period of reconstruction of the affected facilities. The expectation is that the recovery and expansion works of the plant will be completed by the end of this year, allowing the resumption of operations at the site. "Joining efforts, we are going to transform the difficult moment into new opportunities for Mato Grosso and for agribusiness in Brazil", stated Minister Fávaro.

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