Marfrig

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Marfrig Global Foods S.A.
Company typeSociedade Anônima
B3: MRFG3
IndustryFood Processing
FoundedMay 23, 2000
Headquarters
São Paulo
,
Brazil
Key people
Marcos Antonio Molina dos Santos, (CEO)
ProductsFoods & Beverages
RevenueIncrease US$ 12.7 billion (2018) [1]
Increase US$ 360.5 million (2018) [2]
Number of employees
40,200[3]
SubsidiariesNational Beef Packing Company (51%)
Websitewww.marfrig.com

Marfrig is the second largest Brazilian food processing company, after JBS. The company is headquartered in São Paulo. The company has 33 production units around the world and operational bases in 22 countries, exporting their products to over 100. It's activities include the production, processing, industrialization, sale and distribution of food based on animal protein, in addition to the sale of other food byproducts, such as frozen vegetables, sauces and desserts. The company is one of the largest beef producers in the world.

Group activities

Marfrig has about 40,000 employees and has the following structure of units: 33 units of cattle industry (24 in Brazil, five in Argentina, and four in Uruguay), 21 industrial units of chickens (14 in Brazil, four in Europe, and three in the United States), 48 plants for industrial goods and processed (16 in Brazil, five in Argentina, three in Uruguay, eight in the US, one in China, one in Thailand, one in Malaysia, one in South Korea, one in Australia, and 11 in Europe), four industrial pig units in Brazil, two industrial units of turkeys (one in Brazil and one in Europe), five plants of lamb (one in Brazil, three in Uruguay and one in Chile), 27 own factories of feed for chickens, turkeys, and pigs (21 in Brazil, three in Europe and three in the U.S.) and two trading companies (Chile and the United Kingdom), 14 industries and commercial offices for leather (one in Brazil, four in Uruguay, one in China, one in Germany, two in the U.S., one in Argentina, one in Mexico, and three in South Africa). The daily capacity is 31,200 head of cattle, 10,400 pigs, 10,400 sheep, 350,000 turkeys, and 3.7 million chickens.

In addition, the company has an installed capacity around 126,000 tons of processed products, and more than 178,500 pieces of leather processed per month. In June 2010, it announced the acquisition of Keystone Foods, a supplier of processed meats for the restaurant chain McDonald's and other companies.[4] In 2018, Marfrig sold Keystone to Tyson Foods.[5]

Attention from institutional investors due to Amazon rainforest destruction

Marfrig Global Foods's beef exports has repeatedly implicated in illegal deforestation, as well as indigenous land rights violations and slave labour according to the environmental watchdog Forests and Finance.[6] It has previously been identified as having a problematic beef supply chain fuelling the deforestation of the Amazon forest.[7] The deforestation free supply chain watchdog Forest 500 further identified Marfrig's commitments as being insufficient, with a commitment strength of 9/20[8] In February 2022, IDB Invest, the private-sector arm of the Inter-American Development Bank shelved a US$200 million loan to Marfrig Global Foods over the group's deforestation impact.[9]

On 21. December 2021 the Government Pension Fund of Norway placed Marfrig under observation "due to risk that the company contributes to serious environmental damage".[10]


Sponsorship activities

The company was a sponsor of the 2010 and 2014 FIFA World Cups,[11] the latter held in Marfrig's home country of Brazil.

See also

References

  1. ^ "MRFG3: Marfrig Global Foods SA Stock Price Quote - B3 Day - Bloomberg". Retrieved 2011-04-20.[dead link]
  2. ^ "Lucro do Marfrig leva tombo de 72% em 2010 - PECUÁRIA.COM.BR". Pecuaria.com.br. Retrieved 2017-03-13.
  3. ^ "Marfrig Group on the Forbes Global 2000 List". Forbes.com. Retrieved 2017-03-13.
  4. ^ "Marfrig Group – Produtora e distribuidora de Carnes". Archived from the original on 2010-09-15. Retrieved 2011-04-20.
  5. ^ globalmeatnews.com (3 December 2018). "Tyson completes Keystone Foods acquisition". globalmeatnews.com. Retrieved 2019-04-25.
  6. ^ "BNP Paribas Warned Over Role In Financing Deforestation And Rights Violations". forestsandfinance.com. 17 October 2022. Retrieved 26 October 2022.
  7. ^ Wasley, Andrew; Heal, Alexandra; Campos, André (17 September 2019). "Leading burger supplier sourced from Amazon farmer using deforested land". The Guardian. Retrieved 26 October 2022.
  8. ^ "Marfrig Global Foods Forest 500 ranking". theguardian.com. 3 December 2014. Retrieved 26 October 2022.
  9. ^ "Big Beef Loan Scrapped Amid Uproar Over Amazon Deforestation". Bloomberg. 23 February 2022. Retrieved 26 October 2022.
  10. ^ "Decisions on observation and exclusion". 21 December 2021.
  11. ^ "Marfrig CEO discusses FIFA World Cup sponsorship". fifa.com. Archived from the original on May 30, 2010. Retrieved 14 June 2014.

External links

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