March 11, 2021

Lar invests US$440 million in poultry, pig producing chains in Paraná, Brazil

Lar, Brazil's agricultural cooperative, has announced a €370.5 million (US$440,672,700) investment into its poultry and pig producing chains in Paraná state, Brazil.

The investment included contributions from integrated producers and will support the expansion of Lar's own strategic activities. The company planned to use these resources for existing or new slaughterhouses, feed plants and farms over the period from 2021 to 2024.

The development will take place at Lar's industrial plants in Santa Helena, with an estimated cost of €21 million (US$24,994,494) for its Medianeira site, €12.6 million (US$14,991,858) for Cascavel and €70.6 million (US$84,001,998) for Rolândia and Marechal Cândido Rondon.

"The cooperative is expected to create 26,000 jobs. We are investing in chicken and pork production, integration and the industries of the pole cities of Rolândia, Medianeira and Marechal Cândido Rondon," said Lar president Irineo da Costa Rodrigues.

Lar is the fourth largest poultry processing cooperative in Brazil. While most of its investments are expected to go to the poultry sector, there are plans for the pig industry as well. A €6.93 million (US$8,255,016) investment was planned for five nurseries and 44 breeder farms that will increase Lar's production from 23% to 45%.

The company is expected to have 3,170 GGP sows, 150 males, 45,500 multiplication sows, 90,000 parent stock and one million piglets by 2024.

The investment in the pig chain also included Frimesa cooperative installations in Assis Chateaubriand City where Lar is responsible for 25% of the business. Lar supplies 3,000 pigs per day to Frimesa for 246 farms in 12 municipalities which contributes 5% to Lar's revenue.

 - Pig Progress