Brazilian meat-packer JBS expects margins of its Seara processed foods maker in Brazil to reach double digits in the first weeks of 2024, citing operational improvements designed to shore up the unit, executives said today.
Tag Archives jbs usa
JBS says US beef division facing challenges, Seara unit improving
Low cattle supply behind weakness in US division; headwinds expected to continue
New York sues meatpacking giant JBS over climate claims
Attorney general calls company's emissions goals 'infeasible'
JBS, the world's largest beef producer, was sued on Wednesday by New York state's attorney general, which accused it of misleading the public about its impact on the environment in order to boost sales.
Brazil’s JBS reboots plan to list shares in New York
International meat packer hopes for access to lower-cost capital
Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to […] Read more
JBS Australian, North American servers hacked
Melbourne | Reuters –– Australian and North American units of the world’s largest meat works were hit over the weekend by an organized cyber attack on its information systems, Brazil’s […] Read more
JBS USA to produce pork without ractopamine
Chicago | Reuters — JBS USA will remove a growth drug banned by Beijing from its U.S. hog supply, the company said on Friday, accelerating the competition for pork exports […] Read more
U.S. investigators question shareholders of Brazil’s JBS
Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea […] Read more
JBS still keen on U.S. IPO despite scandals
Sao Paulo | Reuters — JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International in the U.S. despite corruption and […] Read more
JBS says Pilgrim’s Pride stake not for sale
Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a […] Read more
JBS scraps reorganization after Brazil veto
Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest […] Read more
JBS bondholders consent to global reorganization
New York | IFR — A sufficient number of JBS bondholders have agreed to amend indentures allowing for a global reorganization of the meatpacker, the company said Wednesday. Under the […] Read more