Brasil Foods invests in China
2012-10-26 14:48:57
Together with a local partner, Brazilian-based Brasil Foods (BRF) is scheduled to begin construction of a new processing plant for poultry and pigs in China, starting next year.
BRF will begin construction of a processing plant for poultry and pigs in China in late 2013, according to Valor Econômico.
The investment will be made in partnership with the Chinese group, Dah Chong Hong (DCH), controlled by state-owned Citic Pacific, with which the Brazilian company began operating a joint venture earlier this year.
According to Antonio Augusto de Toni, vice president of external market of BRF, the plan is that the new unit to begin operation in late 2014.