MLBA16: August / September 2010
Updates on...
Tyson plans poultry expansion in Brazil
Tyson Foods' subsidiary Tyson do Brasil confirmed it is looking to expand in Brazil's southern region, as well as boost international sales from its three poultry operations in the area.
"Tyson do Brasil's target is to expand domestic market sales in the south region of Brazil, in the states of Paraná, Santa Catarina and Rio Grande do Sul," the company said. "Regarding international sales, our main goal is to get the export certification to all three plants in order to open the market as much as we can."
"We are going to invest here (Brazil), focusing on poultry then adding value with pigs... in a final stage we will enter the beef segment," Tyson do Brasil's president Vitor Hugo Brandalise said.
The company has already invested about US$137 million and has a further US$22 million to spend before the end of the current fiscal year in July.
Tetra Pak, HFL to form dairy hub
Tetra Pak and Haleeb Foods Limited (HFL) have signed a Memorandum of Understanding (MoU) to establish a dairy hub in Pakistan's District Okara, that will lead to rural development and poverty alleviation for small farm holders by enhancing their livestock business.
Managing director of Tetra Pak Pakistan, Azhar Ali Syed said, "In collaboration with our customers, Tetra Pak already has four established community dairy hubs that directly or indirectly benefit about 6,000 small holders and dairy farmers and contribute in increasing productivity of about 90,000 animals.
Farmers will be trained on farm management practices such as animal husbandry, feeding, hygiene and vaccination. It will also involve setting up performance indicators to measure the success of how productivity of animals has improved over time.
GFPT joint venture gears up to process chicken
GFPT, distributor of GFP brand frozen and processed chicken, expects GFPT Nichirei (Thailand), or GFN, to start chicken processing operations in August.
GFN is a joint venture between GFPT and Japan's Nichirei Foods. According to reports, GFN's operations will enhance GFPT's performance, because the latter will supply the chickens. If the price of chickens drops, GFPT can write off the difference as a cost.
GFPT will also add two more production lines for processing chickens, making a total of seven and increasing production capacity by 20-25%. The new production lines will serve orders from McKey Food, a joint venture that is 49% owned by GFPT. They will start processing in the fourth quarter.
Analysts forecast GFPT's net profit will rise 17% to THB1.24 billion this year on growth in exports. Thailand is enjoying a bright outlook for its shrimp from lower exports by other countries, while BP's oil spill in the Gulf of Mexico will benefit Thai animal feed products.
Thailand's Prantalay expects sales growth this year
Prantalay Marketing Co, the manufacturer and distributor of Thailand's Prantalay frozen seafood, expects to achieve its sales growth target of 18% or THB1.3 billion (US$40.11 million) this year due to improved demand and new product launches.
Chief marketing and operating officer Anurat Khokasai said consumer confidence revived once the political situation had stabilised a few months back. This would eventually lift seafood demand for the rest of the year.
"We have already generated THB600 million (US$18.5 million) in sales so far or a 10% increase, so it should not be difficult to achieve the remaining THB700 million (US$21.6 million) in the second half,'' he said.
Of the first-half sales, 35% came from ready-to-cook frozen seafood, 30% from ready-to-eat seafood, 33% from sushi products and 2% from Click seafood toppings.
Carlyle to invest in China Fishery Group
Carlyle Group, the world's largest private equity investment firm, has agreed to invest US$190 million in China Fishery Group Ltd. in the latest move to tap into China's growing agriculture sector.
In a private placement, Carlyle will buy 113.5 million new shares in China Fishery, which lists stock in Singapore, at SGD1.85 (US$1.33) per unit. It will also buy 26.7 million warrants, each carrying the right to subscribe to one new share at an exercise price of SGD2.10 (US$1.50), China Fishery said in a statement.
After exercising all the warrants, Carlyle would hold up to 13.6% of the enhanced share capital of China Fishery.
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