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October 30, 2018

Jamaica Broilers to invest $730m on capital projects, banking on US for growth

The Jamaica Broilers Group (JBG) has budgeted $730 million for capital programmes this year, less than half of its investments last year, but in line with the previous period.  Jamaica Broilers President & CEO Christopher Levy said $250 million was spent this year on a pellet mill in the United States and $480 million on a spiral blast freezer, to be installed by the end of November.  In the previous financial year, the poultry group’s capex amounted to $1.97 billion, most of which was spent on acquiring a hatchery in the US – a market that the Jamaican company is focused on to grow its operation.  Read more

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