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JBS starts paying off Doux Frangosul debts

After announcing the leasing of Doux Frangosul operations for ten years, with an option to purchase, JBS said on Friday (May 11) that it had paid the first installment of the debt accumulated by the French multinational with the integrated poultry and pig farmers. In a meeting on Thursday with the governor of Rio Grande do Sul, Tarso Genro, the president of the company, Wesley Batista, said that R$ 12 million will be paid to the farmers.

The company will pay off the debts held by 1,500 integrated farmers in three monthly installments through July, totaling R$ 33.2 million. Last week, at the headquarters of Doux Frangosul in Montenegro (Rio Grande do Sul), Batista said the company owed over R$ 20 million to service providers, which will also be paid in 60 days.

The plan is to reactivate slaughterhouses in Montenegro and Passo Fundo (RS), which have been shut down since early April due to lack of animals for slaughter, by June 20. The plant in Caarapó (MS), which has been operating only one shift, is expected to start operating at normal levels at the beginning of next month.

Information provided by Valor Economico



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