Brazil's Marfrig to supply cooked beef, canned and beef jerky to the U.S. through its units in Uruguay and Argentina due to temporary restrictions for Brazilian exports to the U.S.

Graziela Medina Shepnick

Graziela Medina Shepnick

SAO PAULO , May 31, 2010 (press release) – Marfrig Alimentos S.A. (BM&FBovespa: MRFG3) announces to its shareholders and the market in general that it will supply the exports demand of cooked beef, canned and beef jerky destined to the United States through its units in Uruguay and Argentina.
 
Marfrig has the Colonia, Fray Bentos and Tacuarembó units in Uruguay and Martinez and Mirab units in Argentina, all approved to export and with aggregated monthly production capacity of 352 tonnes of cooked beef, 440 tonnes of canned beef and 466 tonnes of beef jerky. The production from these units will allow the Company to attend the additional demand to Uruguay and Argentina generated by the temporary restrictions for the Brazilian exports to the USA. All other export destinations and orders to the domestic market will continue to be attended normally by the units located in Brazil.
 
In the first quarter of 2010, Marfrig exports of cooked beef, canned and beef jerky from Brazil to the USA accounted for 0.7% of our Brazilian beef exports, less than 0.1% of the total revenues of Marfrig Group and the volume amounted 359 tonnes (monthly average of 120 tonnes).
 
Marfrig has 95 units in 13 countries in South America, North America, Asia, Africa and Europe. The strategy adopted of greater diversification in terms of geographic regions and the product portfolio represents a competitive advantage as well as additional protection diluting the industry risks.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.