INNOVATION AND HISTORICAL RECORDS
Minerva Foods – Industrial Division of Brazil
Gross revenue of the Industrial Division in Brazil grew 13.7% compared to the previous year, reaching R$ 8.5 billion, with 66.8% of the amount resulting from exports. There was an increase of 15.3% in foreign sales, which totaled R$ 5,682.4 million.
This overall result is a reflection of the excellent timing for Brazilian exports as well as the ability of the Company to quickly meet the unexpected and substantial demand from China. Up to date with all the criteria regarding sustainability, operating under the best practices required by the Asian market, ready to produce the type of product required and able to rapidly increase production, the Company obtained approval to export to China in seven of its plants, three of which operate under the Brazilian Division, with a slaughter capacity of 4.3 thousand head/day.
Within this context, Asia has remained the main destination for the sales of the Brazil Division abroad.
Breakdown of export revenue by region – Brazil
The gross revenue of the Athena Foods Division totaled R$ 7.3 billion (US$ 1.9 billion), 6.7% more than in 2018. Exports accounted for 76.1% of the volume, providing an annual increase of 12.3%, reaching R$ 5,609.8 million. The Chinese market accounted for most of the shipments, originating out of Argentina and Uruguay. In addition, Paraguay showed strong performance in its foreign sales, driven by demand from countries such as Chile, Russia, Brazil and some parts of the Middle East.
The gross revenue for the Trading Division, which comprises the results of trading in live cattle, protein, energy, and resale of third-party products, reached R$ 2,320.7 million for 2019. In exports, with 34.4% of the overall result, the gross revenue totaled R$ 798.0 million, up 5.6% compared to 2018.