Tag: BRF

Brazil’s BRF confirms 16 plants will go in restructuring exercise

| 04/07/2018 | Reply
Brazil’s BRF confirms 16 plants will go in restructuring exercise

Restructuring exercise to focus activities on its core markets in Brazil, Asia and “halal” countries as it seeks to increase its capital structure and reduce leverage.

Read More

Brazil: BRF SA Looking At A Long Road Back

| 12/05/2018 | Reply
Brazil: BRF SA Looking At A Long Road Back

OneFoods saw good growth in both businesses, but processed food is still less than 20% of the mix in this segment.

Read More

Brazil: BRF continues to shrug off carne fraca scandal in second quarter

| 12/08/2017 | Reply
Brazil: BRF continues to shrug off carne fraca scandal in second quarter

FoodBev Media BRF has continued to shrug off the effects of the so-called carne fraca scandal, reporting revenue higher than the first quarter and a 13.7% increase in pre-tax earnings. The meat processor’s second-quarter revenue was BRL 8 billion ($2.52 billion), with global volumes increasing slightly to 1.1 million tonnes. The revenue figure represents an […]

Read More

Brazil’s BRF mulls options to Halal unit One Foods IPO

| 17/03/2017 | Reply
Brazil’s BRF mulls options to Halal unit One Foods IPO

BRF wants proceeds from the sale of the One Foods stake to help propel the latter’s expansion into Asian Muslim nations.

Read More

Brazilian food giant, Qatar to buy Turkish poultry firm Banvit

| 11/01/2017 | Reply
Brazilian food giant, Qatar to buy Turkish poultry firm Banvit

BRF will take a 60 percent stake in the joint venture, while the Qatar Investment Authority will take 40 percent in a deal that calculates Banvit’s enterprise value at $470 million.

Read More

Brazil: BRF sees $1.5 billion Halal unit IPO by late March – sources

| 05/01/2017 | Reply
Brazil: BRF sees $1.5 billion Halal unit IPO by late March – sources

Brazilian food exporter BRF SA is seeking to raise about $1.5 billion from the sale of a 20 percent stake of a unit logo-1focused on the halal processed food market via an initial public offering.

Read More

Brazil’s BRF launches unit focused on Muslim food markets

| 05/01/2017 | Reply
Brazil’s BRF launches unit focused on Muslim food markets

BRF said the Dubai-based unit has been renamed One Foods Holdings Ltd, from Sadia Halal, with the goal of building market share in the region.

Read More

Brazil: BRF spin-off creates halal unit

| 01/07/2016 | Reply
Brazil: BRF spin-off creates halal unit

Brazilian meat processor BRF has announced plans to set up a subsidiary tasked with strengthening the meat giant’s supply of meat to Muslim consumers.

Read More

UAE: BRF to expand $160m food factory in UAE’s Kizad

| 16/11/2015 | Reply
UAE: BRF to expand $160m food factory in UAE’s Kizad

BRF is set to boost its annual production capacity in the Kizad plant from 72,000 tonnes to 100,000 tonnes by the end of 2016.

Read More

UAE: BRF opens Abu Dhabi plant

| 27/11/2014 | Reply
UAE: BRF opens Abu Dhabi plant

The unit inaugurated this Wednesday (26th) in the United Arab Emirates capital will process poultry-based products for distribution to Middle East countries.

Read More