Minerva expands to South America. The meat industry Brazilian group has announced the acquisition of a plant in Colombia. The total investment for the transformation of the laboratory is approximately 26 million dollars.
Plant in Colombia
The new Minerva plant is located in the city of Bucaramanga, the capital of Santander department. As explained by the Brazilian company, the transaction took place through Red Cárnica, which is 100% controlled by Athena Foods, which is part of the group. Minerva acquired the slaughterhouse and boning plant from Frigorifico Vijagual. The leaders of the Brazilian group explain that 14 of the total 26 million dollars of the investment concern the achievement of ownership of the assets, while 7 million dollars relate to working capital. The remaining 5 million dollars are allocated, however, for the expansion and modernisation of the structures.
Starting in September
The Bucaramanga beef processing plant has a slaughterhouse and deboning capacity of 700 head per day. Minerva expects to double the volume of operations in Colombia in 2021. According to the forecasts of the Brazilian company, the plant is expected to go into operation on September 1, 2020.
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