Brazilian meatpacking firm Marfrig Global Foods is to re-open three slaughterhouses amid a “positive phase” in domestic cattle production.
Marfrig said the re-opening of the three meatpacking plants – in the Brazilian states of Rondônia, Mato Grosso do Sul and Rio Grande do Sul – would expand its processing capacity to around 300,000 head of cattle a month.
Go deeper with GlobalData
The company expects the three units to start operating by the end of the third quarter.
In July, Marfrig re-opened two other units – one in Nova Xavantina, also in Mato Grosso do Sul, and another in Pirenópolis in the state of Goiás – amid an increase in the availability of cattle to slaughter.
The news came alongside the publication of Marfrig’s half-year financial results. The company booked first-half losses of more than BRL400m (US$126.9m) after being hit by exchange rates and a near-12% drop in revenues.
Marfrig posted a first-half loss of BRL400.3m for the six months to the end of June, compared to BRL238.1m a year earlier.
