July 27, 2009
Marfrig signs US$26.37 million poultry investment pact
Brazilian meat company Marfrig Alimentos SA said Friday (July 24) it has signed a 50 Brazilian real investment agreement (US$26.37 million) with Banco do Brasil to support poultry producers.
Marfrig and Banco do Brasil signed the agreement to help poultry producers boost production mainly in Sao Paulo and Minas Gerais states as well as southern regions of Brazil.
The investment could be raised to BRL250 million in the future, the press release said.
Brazil is the world's No. 1 exporter of beef and chicken.
US$1 = BRL1.89 (July 27)
