September 29,  2020

Marfrig signs agreement with cattle association in Paraguay

Marfrig has signed a memorandum of intent with the Paraguayan Association of Meat Producers and Exporters (APPEC) to explore potential investments in Paraguay.

The partnership would follow the same model that Marfrig adopts with National Beef, in which local producers are partners in the project.

Under the alliance, Marfrig will contribute its expertise in technology, production, marketing and logistics. Meanwhile, APPEC will seek to guarantee the supply of cattle and provide its vast knowledge of the local market to enable the sustainable development of the business, high product quality and competitive prices.

Marfrig will have an 85% interest in the business, while APPEC will hold 15%. Marfrig's investments could reach US$100 million over 24 months.

- Marfrig