GFM Network News


(JBSs.infoinvest.com.br)

JBS pledges net zero greenhouse emissions by 2040

Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has committed to zeroing the balance of its global greenhouse gas emissions by 2040, the company said on Tuesday, amid criticism of its role in a Brazilian beef industry driving rainforest destruction. “We know it is very difficult to achieve this,” CEO Gilberto Tomazoni […] Read more

File photo of uncooked chicken wings. (Mimadeo/iStock/Getty Images)

Brazil’s BRF gets nod to export wings to Canada

Reading Time: < 1 minute Sao Paulo | Reuters — Brazilian food processor BRF said on Tuesday Canada has authorized chicken wing exports from two of its plants located in top farm state Mato Grosso. BRF has been seeking to sell more products to Canada to strengthen its position in developed markets and also shore up competition against domestic rivals […] Read more


An image created by Nexu Science Communication, together with Trinity College in Dublin, shows a model structurally representative of a betacoronavirus, the type of virus linked to COVID-19. (Nexu Science Communication via Reuters)

U.S. pork packer Smithfield offers ultra-cold vaccine storage

COVID-19 vaccines need storage at -20 C, -70 C

Reading Time: 2 minutes Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, said on Thursday it had offered to help U.S. health officials distribute COVID-19 vaccines and store them in ultra-cold freezers that are in high demand to support a public vaccination campaign. U.S. states, cities and hospitals are scrambling to buy freezers that can safely […] Read more

(JBSs.infoinvest.com.br)

JBS gears up for U.S. and Brazil expansions

Brazilian meat giant reiterates plans following strong Q3 results

Reading Time: < 1 minute Sao Paulo | Reuters — Food processor JBS SA reiterated plans to grow production capacity in Brazil and in the United States after posting strong third quarter results, executives said in a conference call to discuss earnings on Thursday. CEO Gilberto Tomazoni said 12 of the company’s plants in Brazil were being expanded, as JBS […] Read more


(JBSsa.com)

JBS to seek damages from founders

Brazil shareholder vote a win for Brazil's BNDES

Reading Time: 2 minutes Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which […] Read more

(Sansubba/iStock/Getty Images)

Pilgrim’s Pride strikes deal over U.S. chicken price-fixing charges

Reading Time: 2 minutes Reuters — U.S. poultry company Pilgrim’s Pride Corp. said Wednesday it will pay a US$110.5 million fine after striking a plea deal with the Justice Department over price-fixing charges on chicken products. The guilty plea makes Pilgrim’s Pride, mostly owned by Brazilian meatpacker JBS, the first U.S. chicken company to reach an agreement with the […] Read more


(JBSs.infoinvest.com.br)

JBS parent pleads guilty to U.S. foreign bribery charges

Reading Time: 2 minutes New York/Rio de Janeiro | Reuters — Brazil’s J+F Investimentos, parent company of the world’s largest meatpacker, JBS, pleaded guilty to U.S. foreign bribery charges and agreed to pay US$128.25 million in criminal fines, prosecutors said on Wednesday. J+F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian […] Read more

A tract of Amazon jungle burns as it is cleared by farmers at Rio Pardo in Brazil’s Rondonia state on Sept. 15, 2019. (File photo: Reuters/Ricardo Moraes)

JBS vows to monitor whole cattle supply chain’s impact on Amazon

Packer plans to move against cattle 'laundering'

Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s top meatpacker, said Wednesday it plans to combat destruction in the Amazon by monitoring its entire supply chain for deforestation by 2025, as pressure mounts from environmentalists and investors. Brazilian meatpackers are facing increasing criticism that beef production is fueling deforestation in the Amazon, where cleared […] Read more


Security camera image of a person sought by RCMP in connection to the disappearance of beef from the JBS plant at Brooks, Alta. (Photo courtesy Brooks RCMP)

U.S.-bound truckload of Alberta beef disappears

Over $230,000 in JBS beef hasn't turned up, RCMP says

Reading Time: 2 minutes A reefer truck loaded with over $230,000 in beef from the JBS plant at Brooks, Alta. is more than two weeks overdue and alleged to be travelling on “fraudulent documents,” RCMP say. Brooks RCMP said Monday they’re investigating after a transport truck that was subcontracted to haul a full load of beef from the JBS […] Read more

(JBSFoodCanada.ca)

JBS to resume U.S. share listing plan after COVID-19 fallout

Management looking also for US$100 million in cost cuts

Reading Time: < 1 minute Sao Paulo | Reuters — Brazil’s JBS SA is reviving plans to list shares on Wall Street after dealing with the COVID-19 pandemic’s fallout, CEO Gilberto Tomazoni said on Friday, as the world’s largest meatpacker reported strong quarterly results. Speaking on a conference call with analysts following the company’s second-quarter results, Tomazoni said the focus […] Read more