Cargill to spend $100mn on new Brazilian poultry-plant
Cargill plans to spend in the region of US$100 million to build a new poultry-processing plant in Brazil.
Cargill’s Seara Alimentos SA, Brazil’s third-largest meat processor, is to start building on the new plant in December and begin operations in 2007.
Wayzata, Minn.-based Cargill, which bought Seara early last year, expects the unit’s sales to rise 8% this year as a growing economy helps boost demand for food.
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