Brasil Foods plans US$ 540.5 million investment
DCI
Brasil Foods, the result of the merger between Sadia and Perdigão will keep the investments from R$ 800 million (US$ 432.4 million) to R$ 1 billion (US$ 540.5 million) a year until 2012. The statement was given by Nildemar Secches, Co-chairman of the Board of Directors of BRF. According to him, with the approval of the Cade (Administrative Council of Economic Defense) and the planning of the activities of the two companies, it is most likely that in the future the separate sales and the joint distribution should be maintained, mainly in the international market.
According to Secches, the company is already experiencing a resumption in sales in the domestic market, which is responsible for most of the earnings of the company. According to the officer, on account of still being a "difficult" market, the company has no forecast of foreign sales for 2009, which usually represent a little more than 40% of the company's earnings. "In terms of company growth, the international market is especially difficult. We are trying to recover the loses we had in International markets in the beginning of the year", declared Secches. In the second quarter, BRF and Sadia had smaller foreign sales, and the total net earnings of both companies, including the domestic market, amounted to R$ 5.2 billion (US$ 2.81 billion) in the period.