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Article: Minuano restructures.
- Article from:
- South American Business Information
- Article date:
- December 2, 2002
CopyrightCOPYRIGHT 2002 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Dec 2, 2002 (Gazeta Mercantil/SABI via COMTEX)
The Brazilian food products company Companhia Minuano de Alimentos, headquartered in Rio Grande do Sul state, is to complete its restructuring plan. The company has recently applied for Chapter 11 and plans to expand market share in the Brazilian market over the next year. To reach such aim, it is studying partnerships with other companies to continue the operations in the Passo Fundo-based plant (Rio Grande do Sul), with capacity to slaughter 50,000 poultry/day. Such unit produces processed and non-processed poultry meat. Minuano has a two-year term to pay off its R$22.4mil debts with suppliers (40% will be ...
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