SÃO PAUL, BRAZIL — The JBS S.A. board of directors recently approved the foundation of JBS Couros Ltda, which marks the company’s entry into the hides and leather business.

The company is the world's largest beef producer and exporter with a daily harvesting capacity of approximately 73,000 thousand head of cattle and the largest global exporter of processed beef.

The board also approved the capitalization of JBS Couros in up to R$50 million (US$27 million) to finance the initial investments of JBS Couros.