April 17, 2007
Uruguay's Breeders & Packers pours US$80 million for meat processing plant
Breeders and Packers Meat Uruguay, managed by British businessman Terry Johnson, is expected to begin cattle slaughtering and beef processing in 2008 through its US$80 million plant currently being constructed, according to company president Roberto Parra.
Breeders and Packers has already sold its plants in Brazil and Argentina and is concentrating in Uruguay in an effort to cut a significant chunk of meat business in South America. As it waits completion of its facilities, the company is currently supplying Tesco outsourcing production to Tacuarembo meat processing. It will also pursue a business model integrating cattle farmers to the production chain with plans to process 1,200 cattle per day to fit the quality standards.