Brasil Foods Boost to Haitian Poultry Sector15 August 2013
HAITI - Brazilian meat and food processor Brasil Foods is to set up operations in Haiti to develop the poultry industry there.
Nobel Peace Prize-winning economist, Mohammed Yunus, recently announced an investment in the Brazilian food production giant, Brasil Foods (BRF), to establish operations in Haiti and develop its poultry industry after a feasibility study in rural and urban processing and research on animal genetics and technology of food for birds was undertaken.
Defend of Haiti reported that Mr Yunus made the announcement during the Social Business and Corporate Investment Conference.
The Grameen Bank, which specialises in small loans and says its aim is to eradicate poverty, will serve in Haiti through Yunus' Grameen Foundation. Along with the Brazilian food production giant, a complex for creating and processing birds will be built.
BRF's Vice President of Corporate Affairs, Wilson Mello, said that a feasibility study of the project had already taken place to see if the project would be "successful" in the Caribbean nation devastated by the 2010 earthquake.
Mr Mello, according to Terra, said that the studies included work in rural and urban processing, and research on animal genetics and technology of food for the birds, reports Defend.
The newspaper reports that the size of the initial investment in the project has not been made public but it is said that BRF will be in charge of the development through a joint venture with the Grameen Bank.
"The profits of the initiative will not go to BRF and will go towards development of the productive chain of the country so that the Haitian people have a supply of better quality," said Mr Mello.
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