September 11, 2007

Cargill's Brazilian meat firm to invest US$2 million for plant upgrade

Cargill-owned Brazilian meat company Seara Alimentos SA will invest 4 million Brazilian reals (US$2 million) in a chicken meat packer in Mato Grosso do Sul state, local business daily Gazeta Mercantil reported Monday (September 10).

Seara was unavailable for comment.

The report said 26 percent of the stated investment would be to increase chicken processing capacity. Construction for the upgrade should be complete by May 2008.

Seara is the third-largest chicken exporter in Brazil behind Sadia (SDA) and Perdigao (PDA).

Brazil is the world's leading chicken meat exporter.