Hanging on such business trends, Brazilian Marfrig group, one of the top players in the meat industry worldwide (in Brazil they attend to 23% of overall national slaughtering), may well be confident about their prospective financial expansion. Waiting for further good news then. In fact, accomplishments achieved in 2018 first quarter are brilliant. The group’s turnover nearly reached 1,8 billion euros, that is +24% on annual basis, while profits increased by 5%. A very good starting point, as a matter of fact. Meanwhile, Marfrig are currently completing the buyout of US giant National Beef (one US Senate Commission asked for further investigation into the deal though).The acquisition would therefore enable Marfrig to play actively in the leather business as well. Marfrig currently own 30 slaughtering plants, located in Brazil, Uruguay and Chile, whose manufacturing amounts to about 5 million livestock units a year. They also run 19 more factories based in the USA, China, Malaysia, Thailand, South Korea and Australia.
Raw material: Brazilian Marfrig are on fire, as their revenues go up by 24% in the first quarter
