JBS shifting operations in Brazil
Aug. 31, 2011
by Meat&Poultry Staff
SÃO PAULO, Brazil — JBS S.A. is restructuring and moving its meat packing operations to other locations where it operates within Brazil, the company has relayed. This strategy is being taken to recap tax savings and it will enable JBS to raise output from domestic operations by 5 percent through efficiency gains and allow the company to save around $125 million a year by reducing its tax bill and overheads.
The company is also suspending operations at its Presidente Epitacio unit in Sáo Paulo state as the result of the tax inefficiencies and will shift that output to a unit in Mato Grosso do Sul state. Some slaughtering and deboning at some units in Parana, Minas Gerais, Mato Grosso and Roraima states will be moved to other locations as well, the company said.