Increase production capacity by 25% thanks to 5 more processing plants (3 already in operation, 2 to be reopened shortly) for beef and 4.500 new employees. Marfrig, the Brazilian giant of the meat industry, aims to reach a total of 300,000 items per month more than current levels. In mid-August, the company reported data for the second quarter of the year. Revenues for the equivalent of just over EUR 1 billion, down 8% year-on-year, due to the Brazilian real value decline against the dollar. Nonetheless, Marfrig launched the assault on the market share freed by JBS. The meat giant at the centre of the Lava Jato scandal last month also closed a plant and fired 90 employees. In order to achieve this, Marfrig, in addition to the new openings, also intends to increase the productivity of already existing Brazilian factories.
Marfrig invests in 5 new establishments and 4,500 employees to produce 25% more meat despite falling sales
