Pilgrim’s Pride plans to invest US$1.3 billion in its Mexican operations to help reduce the country’s chicken supply deficit and improve food security, according to Mexico’s Minister of Economy Marcelo Ebrard. The investment is expected to allow Mexico to replace 35% of its chicken imports with domestically produced poultry.
The bulk of the investment — about US$950 million — will be directed to southern Mexico, where Pilgrim’s aims to double production capacity. The company will also build a new processing plant and incubator. An additional US$200 million will be used to modernize facilities and install solar and biogas infrastructure, while US$150 million will fund technological upgrades. The projects will increase annual production by 373,000 metric tons, representing 38% growth, and create approximately 4,000 jobs.
Pilgrim’s Pride operates in the U.S., Mexico, and Europe, producing 1.51 billion broilers annually in the U.S., 588 million in Mexico, and 200 million in Europe.
(based on a WattAgNet report)
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