From the Newsroom*
São Paulo – Sadia, a Brazilian factory in the meat sector, plans to open a new factory abroad. This will be the second foreign unit, the first having been established in Russia. The news was published today (27) by newspaper O Estado de São Paulo. According to information disclosed by the newspaper, the location has not yet been defined. The Russian unit is going to start operating in the second half of this year.
In Russia, the Sadia factory will have 40% participation of a local partner. The unit will operate mainly in the production of chilled products. Sadia had net profit of 96.2 million Brazilian reais (US$ 47.5 million) in the first quarter of this year, 43.6% greater than in the same period in 2006. Gross revenues grew 23.5% and reached 2.2 billion reais (US$ 1.1 billion).
Sadia operates in the production of food products from pork, cattle beef, chicken and turkey, as well as pastries and margarines. The company is the Brazilian leader in the sector it operates in and is one of the largest companies in the food sector in Latin America. The company exports around 250 products to 92 countries.
*Translated by Mark Ament
