JBS to Invest $100 Million in Two New Factories in Vietnam

Reported 3 days ago

Brazilian meatpacker JBS has announced a $100 million investment to build two factories in Vietnam, aimed at enhancing its presence in Southeast Asia and the global beef market. The facilities will produce beef, pork, and poultry mainly using Brazilian raw materials, catering to local and regional demand. This initiative was formalized during a state visit by Brazilian President Luiz Inácio Lula da Silva and is expected to create jobs and bolster food security in the region.

Source: YAHOO

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