Brazilian C.Vale Reports 24% Increase In Net Sales Despite Crisis
Despite the current Brazilian recession, C.Vale, an exporter of poultry, pork, and corn, has registered a growth of 24% in net sales in 2016.
The results were announced by the cooperative last week during a meeting with associates. According to C.Vale's president, Alfredo Lang, the cooperative earned BRL 6.8 billion (€2.05 billion) last year thanks to the new plant in the Southern state of Rio Grande do Sul.
Lang also reported record soybean production, with 35.8 million bags sold, and a growth of 6% in poultry production.
With this, the cooperative registered a BRL 36 million (€10.8 million) in surplus, interest and capital stock, which will now be distributed to associates.
For 2017, C.Vale aims to develop its industrial area, with an investment of BRL 110 million (€33.1 million) in the construction of a fish plant by the end of the current year. The Brazilian cooperative also expects to increase its chicken production from 460,000 to 520,000 birds per day and hire an additional 1,100 employees.
C.Vale is an agroindustrial cooperative operating in the states of Paraná, Santa Catarina, Mato Grosso, Mato Grosso do Sul, Rio Grande do Sul and in neighbouring country Paraguay. It has 141 business units, more than 18,000 associates and 7,500 employees.
It stands out in the production of soybeans, corn, corn seeds, wheat, yucca, milk, chicken and pork meat. It industrially produces over 150 types of chicken cuts, which are exported to more than 70 countries and around most Brazilian states.
In addition, C.Vale maintains a chain of eight supermarkets located in the states of Paraná, Mato Grosso and Mato Grosso do Sul.
The cooperative is also the first in Brazil to have a poultry integration system, on a commercial scale, and to use automated processes for environmental controls.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Josiane Lang. Click subscribe to sign up for ESM: The European Supermarket Magazine.