Day: August 4, 2022

Business News

Pilgrim’s sees US investments as key to growth

GREELEY, COLO. — As part of its second-quarter earnings report, Pilgrim’s Pride Corp. announced that it would be making new investments in the US market.

Fabio Sandri, chief executive officer of Pilgrim’s, said the investments included an expansion of the Athens, Ga., facility which would enhance service levels and support the growth of a key customer.

“It also includes funding for operational excellence improvements via automation throughout our US footprint and construction of a protein conversion plant for pet food ingredients in Georgia,” he added.

Pilgrim’s also committed to the development of a prepared foods facility in the Southeastern part of the United States.

“Taken together, these investments will simultaneously enable sufficient capacity for top-line growth with our key customers, enhance operating margins, create value for our shareholders, and provide opportunities for a better future for our team members,” Mr. Sandri said.

Net income at Pilgrim’s in the second quarter

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