Brazil's BRF Signs Deal to Acquire Processed Foods Factory in China
Brazilian pork and chicken processor BRF said on Wednesday that it has signed a binding agreement to acquire a processed foods factory in China's Henan province for $43 million.
BRF said in a securities filing it will invest approximately $36 million in expanding the plant and added that it expects the factory to start operating under BRF management in the first quarter of 2025.
According to BRF, the investments are expected to double the factory's capacity to 60,000 metric tonnes per year from 30,000...
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