Brazilian meat giant JBS has unveiled a $200 million investment plan designed to enhance beef production at its facilities in Texas and Colorado.
The investment allocation includes $150 million for the Cactus facility in Texas and an additional $50 million for the Greeley plant in Colorado.
In Cactus, JBS aims to construct a fabrication floor and expand the ground beef room. Meanwhile, it is establishing a state-of-the-art distribution center in Greeley.
Construction on these projects is set to commence this year, providing a significant boost to local food manufacturing capabilities.
This strategic investment not only promises improved efficiency at these facilities but also paves the way for potential increases in production capacity in the future.
Wesley Batista Filho, the CEO of JBS in the U.S., stated that this investment reflects the company’s “commitment to the U.S. beef industry and the American farmer and rancher.”
“At JBS, we prioritize ongoing investments in our facilities to ensure our company and the rural areas where we live and work are positioned for success now and in the future,” he added.
The Cactus facility employs over 3,700 staff and purchases livestock valued at $2.9 billion annually, reflecting the significant role of JBS in the U.S. food manufacturing sector.
Applauding JBS’s latest funding initiative, U.S. Representative Ronny Jackson from Texas commented, “This expansion will improve production capacity for our ranchers and cattle feeders in the Texas Panhandle and bring much-needed efficiencies to the facility that will help strengthen our beef supply chain and keep American agriculture competitive and resilient.”
The Greeley facility employs more than 3,800 workers and buys livestock valued at $3.1 billion each year.
This week, it was reported that JBS and its U.S. subsidiaries agreed to pay $83.5 million to settle claims that they conspired to fix beef prices in the U.S.
