JBS shifting operations in Brazil
Aug. 31, 2011
SAO PAULO, BRAZIL — JBS, the world’s largest beef producer, is restructuring and moving its meat packing operations to other locations where it operates within Brazil.
The move is being made to recap tax savings and will enable JBS to raise output from domestic operations by 5% through efficiency gains and allow the company to save around $125 million a year by reducing its tax bill and overheads.
The company is suspending operations at its Presidente Epitacio unit in Sao 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.