March 4, 2008

Brazil's Sadia to invest US$80 million in meat factory

Brazilian food company Sadia SA (SDA) will invest 133 million Brazilian reals ($79.6 million) in its Uberlandia unit in the state of Minas Gerais, a Sadia press officer confirmed Monday (March 4, 2008).

Sadia, which already slaughters pigs and poultry at the unit, will invest in a new factory to produce sausage filling and increase its range of margarine, Sadia President Walter Fontana Filho said in a press release.

The new projects should start operations in the second half of 2008.

The investment is part of Sadia's previously announced package of investments earmarked at BRL1.6 billion (US$958 million) in 2008.

Sadia is one of Brazil's leading chicken exporters and food companies.