CJ do Brasil invests R$1.1 billion and expands amino acid factory in Piracicaba
Project relied on the support from InvestSP and makes Brazil self-sufficient in the production of Lysine, Threonine and Tryptophan, essential supplies for the animal feed industry
InvestSP and CJOn Wednesday (24), CJ do Brasil, a subsidiary of multinational company CJ Bio specializing in the production of amino acids, celebrated the completion of the expansion of its factory in Piracicaba, a city located 160 km from the state capital. The investment amounted to R$ 1.1 billion and is expected to generate 650 jobs. The agreement also includes the installation of a Research & Development center.
As a result, CJ do Brasil has announced that it now stands as the sole company in Latin America capable of producing three complex and essential amino acids for the animal feed industry: Lysine, Threonine and Tryptophan. It also stated that this investment makes Brazil self-sufficient in the production of these supplies and is expected to enable an expansion of exports to Latin America, the United States, and Europe.
The project relied on the support from InvestSP, the investment promotion agency of the State of São Paulo, associated with the Department of Economic Development (SDE), which advised the company on issues related to the Master Plan, structural, environmental and tax issues.
Whether due to logistical, structural or labor-related advantages, for example, the region of Piracicaba is one of the most attractive areas for private investments in the state. The expansion of CJ do Brasil’s factory marks the 26th business project supported by InvestSP in the region. Companies from various sectors have already announced over R$17 billion in investments, leading to the creation of 12,000 jobs.