JBS Approves the Incorporation of Cascavel Couros16 November 2012
BRAZIL - Brazilian meat processing giant JBS SA has incorporated its wholly owned subsidiary Cascavel Couros into the company.
The incorporation represents a reduction in costs in the order of R$10 million annually in fiscal efficiency and synergies the company said.
Cascavel Couros is the owner of a modern facility which processes hides into finished leather.
Located in the municipality of Cascavel in the northern state of Ceara, the plant processes hides into high value finished leather products most of which exported to a variety of clients including some of the large automobile manufacturers, producers of branded leather articles as well as large upholstery manufacturers.
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