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China to invest in meat production in the northern of Santa Fé, Argentina

A letter of intent has been signed by the largest industrial group in the Chinese food sector, Bright Food Corporation, and the Government of China, to make a major investment in the industry in the north of the province of Santa Fé, Argentina.

The vice president of the Economic Council of Northern Santa Fé (CoRENoSa), Gustavo Zamar, and the president of the community of Villa Guillermina, Roque Chávez, said they signed the agreement with executives of Bright Food and the Chinese government.

"We are impressed with everything, even more so because it is an agreement signed by China's largest food company, which will invest in our region. At first, it will be for the production of meat, but it's just the beginning," said Zamar.

The region of Villa Guillermina already has a plant generating electricity field by forest biomass, also invested in by the Chinese.

"China has an immediate demand that we can supply and this may be the link in a chain of other opportunities," concluded Chávez.

Information provided by BeefPoint
 

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