The Brazilian meat giant continues to conquer Africa and China

Published 2024년 11월 30일

Tridge summary

Brazilian meat packer JBS has made a $2.5 billion investment plan with the Nigerian government to build six new factories in the country. The factories will process poultry, beef, and pork. This is part of Brazil's strategy to expand in Far Eastern and African markets, following the trade war started by China due to the EU's protective tariffs. Brazil is also negotiating protocols for pork offal and fish export to China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In addition to Argentina, Brazil is also on the offensive towards the huge Far Eastern markets, the Brazilian meat industry giant is also building its positions in Africa. Brazilian meat packer JBS recently announced that it has signed a memorandum of understanding with the Nigerian government for a $2.5 billion investment plan in the African country, including the construction of six new factories. According to JBS' announcement, three factories will deal with poultry, two with beef and one with pork. JBS also undertakes to play a role in the development of the local supply chain in addition to the preparation, while the Nigerian government ensures the economic, health and regulatory conditions. Brazil is also slowly finalizing the protocols for the export of pork offal and fish to China, the news agency told Reuters recently, which is believed to have been opened by the previous visit of Chinese President Xi Jinping. In addition to Brazil, Argentina is also pushing, which is ...

Source: Agraragazat