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Brazil - BRF Foods to invest over US$10 billion in next decade 14 December 2020
The Brazilian meatpacker and food processor disclosed the investment during an event called “BRF Day 2020 – Vision 2030”, held on December 8, reports ILM.
BRF said it expects to make investments of, approximately, R$55 billion (US$10.63 billion) within the next ten years, “setting up a prudent net financial leverage limit of up to three times.
Between 2021 and 2023 BRF expects to achieve a net revenue of approximately R$65 billion (US$12.56 billion), Between 2024 and 2026 BRF expects growth of net revenue of approximately 2.5 times in relation to the current levels, and a revenue growth of more than 60% in the Brazilian market.