October 31, 2007

Sadia builds US$142 million plant to tap Brazil's north-eastern market
 

Brazil's largest meat processor Sadia announced plans to build a 250 million Brazilian reals (US$142.3 million) meat packing plant in the country's northeastern Pernambuco state, local media reported on October 29, 2007.

The unit would be located in the municipality of Vitoria de Santo Antao, about 30 miles from the state's capital Recife.

When operational in January 2009, the plant is projected to generate an annual revenue of 390 million reals (US$222 million) for Sadia.

Sadia's new factory will have the annual capacity to produce 140,000 tonnes of packed meat products to be distributed in the north-east region.

Brazil's north-east region accounts for some 30 percent of Sadia's sales, where sales are growing at a rapid clip of 20 percent a year, according to Sadia's president, Gilberto Tomazoni. He added that the company would open more plants in the region in future.