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World Comes Back to Poultry Helping Brazil’s Sadia Grow 15%

The volume of meats and derivatives sold by Brazilian food sector company Sadia on the domestic and foreign market grew in the third quarter of this year when compared to the previous quarter.

One of the main reasons is that the global consumption of poultry is warming up again. The Brazilian company is one of the great producers of chicken.

The movement helped recover prices. Regarding the domestic market, the return to exporting avoided excessive offer. Sadia ended the third quarter with revenues of 2.05 billion reais (US$ 960 million), a result 15.5% greater than that registered in the previous quarter. The net profit was 69.1 million reais (US$ 32.4 million), an increase of 293.3% when compared to the second quarter of the year.

There was a 5.1% increase in volumes traded when compared to the previous quarter, reaching 491,200 tons. The greatest growth was identified in the foreign market, to which volumes traded grew 9.8%, to 254,500 tons.

In the accumulated result for January to September, Sadia had gross revenues of 5.6 billion reais (US$ 2.6 billion) and net profit of 153.6 million reais (US$ 72 million).

High Tech Lab

State-controlled Brazilian oil giant Petrobras and the Federal University of Rio de Janeiro (UFF) are inaugurating today, November 8, the new installations of the Active Documentation and Intelligent Design Laboratory (ADDLabs), installed at the university’s campus in Niterói, in the state of Rio de Janeiro.

With the expansion of the space, the laboratory is going to become one of the most important environments for technological research and development for national companies. The modern installations are going to permit new research activities and the training of university students.

The executive manager at the Petrobras Research Center (Cenpes), Carlos Tadeu da Costa Fraga, will be present at the inauguration.

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