Pilgrim's to build new processing plant in Mexico

摘要

Poultry processor Pilgrim's Pride Corp. has a new poultry processing venture on the drawing board. A new complex will be located in Veracruz, Mexico, and will be built in phases. "We've identified a project in Veracruz, which will enable us to expand first with live sales and work toward a new processing facility in the near future," said Bill Lovette, chief executive officer, in a conference call with financial analysts on Feb. 20. "This is a new geographic market with a growing economy, making it an ideal area for us to expand, using a grower model similar to our U.S. operations."