Tyson Secures BRL100 Million Loan For Brazilian Poultry Suppliers
02 Juni 2009 - 4:56PM
Dow Jones News
U.S. giant meat and poultry processor Tyson Foods Inc. (TSN) has
secured a 100-million-Brazilian-real ($51.4 million) loan from
Brazil's southern regional development bank, or BRDE, to support
its poultry suppliers, a press officer for Tyson said Tuesday.
Tyson will use the loan to help some 330 suppliers of poultry to
modernize and expand their operations in Brazil's southern states
of Parana and Santa Catarina, the press officer said.
Tyson, the world's largest meat processor, in October 2008
acquired three companies in Brazil.
The loan will allow the suppliers to improve the supply of
chickens to Tyson's three plants, he said.
Brazil is the world's No. 1 exporter of chickens.
-By Tony Danby, Dow Jones Newswires; 55-11-2847-4523;
Anthony.Danby@dowjones.com