JBS to set up two meat factories in Vietnam

 

Brazil's JBS plans to build two meat factories in Vietnam with a total investment of $100 million.

 

Beef, pork, and poultry products will be produced at the pair of sites, once operational, although the world's largest meat processor said the facilities will "mainly use raw materials imported from Brazil".

 

The company added in a statement that the Vietnamese plants will supply the local market and others in Southeast Asia. JBS said the twin projects are expected to create around 500 jobs, with the production sites to be built in two phases.

 

Under the first, a facility will be constructed in Khu công nghiệp Nam Đình Vũ located in the city of Hải Phòng in north-east Vietnam. It will include a logistics center with storage facilities, along with "pre-processing, cutting, and packaging activities".

 

As part of a memorandum of understanding signed with the Vietnamese government, the second site will be built in the south of the country in an unspecified location. It will be similar in operation to the first, with construction likely to start two years after production begins at the initial plant.

 

JBS said that the two Vietnamese plants are intended to "expand its presence in the region" and also to "strengthen its position in the global market".

 

Renato Costa, the president of JBS's Friboi business, said: "The new factories in Vietnam will not only be an expansion of production capacity, but an investment with purpose: to generate value for the local economy, create qualified jobs, contributing to food security throughout Southeast Asia.

 

"We are investing in the future, with a focus on innovation, sustainability, and development."

 

Costa added: "The partnership between JBS, the Vietnamese government, and our local partners represents an essential strategic step for our geographic diversification.

 

"This move not only strengthens our ability to serve the local market, but also expands our global presence, creating a robust and sustainable production chain that positions us even more competitively on the international stage."

 

- Just Food