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Brazil’s Perdigao Eyes Beef, International Chicken Investments

by 5m Editor
13 December 2006, at 2:41pm

BRAZIL - Brazilian meatpacker Perdigao SA (PDA) said it will likely build a beef packing facility in Goias state in the first semester of 2007, the company’s top executives told a gathering of reporters Tuesday.

Although the project has not been confirmed, said Wang Wei Chang, the company’s Finance Director, investment capital will likely come from the 460 million Brazilian reals ($214 million) earmarked for the 2007 investment budget.

The company is also looking to invest in chicken processing facilities in Asia and Europe, Chang said. Chang said Russia, one of Brazil’s top chicken markets, was not on the radar for new investments. Competitor Sadia SA (SDA) has a facility that makes processed chicken meats in Kaliningrad.

“There’s nothing concrete yet, but we want to invest in processed chicken meat and have research and development units in these new markets next year so we can make food items that match local eating habits and tastes,“ Chang said.

Trade Director, Antonio Augusto De Toni, told Dow Jones Newswires that the company was looking into possibilities of selling processed chicken meat to the U.S., possibly through commercial partnerships. Further details weren’t revealed.

Perdigao is one of Brazil’s largest chicken exporters and the second largest meat packing company serving the local market. Sadia is No. 1.

Perdigao will export slightly over 332,000 tons of fresh whole chicken meat in 2006, down 3.5% from 2005, the company said.

ThePoultrySite News Desk

5m Editor