BRF will invest 180 million R$ in built-in factory on the river

The BRF will announce today an investment of 180 million R$ to build a new plant in Rio de Janeiro, as anticipated the value PRO, real-time information service. The new unit, the 35th in the country, will be built in Seropédica, in the metropolitan region of the State.
According to a source familiar with the topic, the amount of 180 million R$ represents the first phase of the project, which is expected to surpass the 300 million R$. The focus of the new factory will be inline food production, but the project also includes the production of ready meals, according to that source. Sought the BRF had no comment.
The new unit will receive tax incentives from the Government of Rio de Janeiro under the River. Released last year, this programme provides up to 2% of the amount due of ICMS and streamlines the licensing process for the construction or expansion of the factory. With the unit in Seropédida, BRF will be the third company to participate in the program. Sought, the Department of Agriculture of Rio also had no comment.
At the end of 2014, JBS Foods, owner of the Seara brand, invested about $ 20 million to expand a factory in Duque de Caxias, also with the incentives program. More recently, in August, the company announced the investment of State Points to r $ 40 million in an industrial factory, such as hamburger, in Niteroi.
As the value already reported, the Government intends to increase the production of fluminense processed meats made in the State. With five-year goals, the river Meats intends to expand the production of meat products 50 chicken thousand tons annually to about 100 thousand tons. It is estimated that the locals consume 510 thousand tons of product per year.
There are also targets for production of swine and bovine meat. In the first case, the expectation is that in five years the annual production jump of 12 thousand tons to about 50 thousand tons. In beef, the projection is that the volume produced in the river out of 110 thousand tons to 300 tons.
To the BRF, in Rio de Janeiro investment means a major expansion projects in Brazil-the BRF also has a timeline of major investments in the State of Mato Grosso, where you want to enlarge the production of pork.
With the robust box, especially after the dairy Division's sales to the French for Lactalis, the BRF also come to invest in acquisitions abroad. In September, closed two acquisitions, in Argentina and in the Middle East. For $ 43.5 million, BRF bought seven brands of processed foods in Argentina's retail. Last month, the company also announced a binding agreement to acquire, for $ 140 million, the frozen food distribution business of Qatar National Import and Export (QNIE), based in Qatar.
On Thursday, the BRF disclose the balance for the third quarter. The expectation of analysts is that the enterprise will have a good result, driven by favorable high dollar reflections about the profitability of the company's exports.