JBS plans to invest between 900M reais and 1B reais in its operations this year, down from last year's planned investment of 1.4B reais, CEO says
March 22, 2012
– JBS S.A. CEO Wesley Batista said the company plans to invest between 900 million reais (US$492.7 million) and 1 billion reais in its operations this year, Reuters reported March 22.
That’s down from last year’s planned investment of 1.4 billion reais. According to the company’s balance sheet, capital expenditures totaled 1.17 billion reais in 2011, down 4.2% from 2010.
Batista said the company would focus on organic growth following a series of acquisitions in recent years that made the meatpacker the world's largest integrated meat producer.
The primary source of this article is Reuters, London, England, on March 22, 2012.