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JBS has not closed the units it has purchased, says company executive

JBS's strategy of acquisitions and leases of slaughterhouses in Brazil has not led to the closure of any units, says the president of the meat division at JBS Mercosur, Renato Mauro Costa.

"All the businesses that we have bought or leased this year are operating at a minimum of 85% of installed capacity," he said, denying criticism from farmers that the company is concentrating the beef market and, in some cases, acquiring units to close them down.

Costa said that of the 12 slaughter units acquired by JBS this year, two have not entered operation because they are under construction. "We will open one unit within 90 days and the other in 2013," he said.

Nevertheless, the executive admitted that the company has closed some slaughterhouses because of overlapping among units in some regions, especially in Mato Grosso.

Information provided by Valor Economico

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