The sector’s revenues increased 4.5% in November 2016 over October. However, employment, average wage and average income declined.
The data was optional but since the first day of the month are now required for packaged food.
The Brazilian food-processing company joins the sovereign wealth fund of the Gulf country to acquire Banvit, the largest Turkish poultry company. The company’s enterprise value is USD 470 million.
Brazilian car industry exported 520,300 units last year, according to Anfavea. Revenues, however, increased 1.6%.
Industrial production data made public by statistics institute IBGE shows that activity in the plants increased in comparison to October, but that it declined over November 2015.
Initially named Sadia Halal, and now called OneFoods, the new unit in Dubai of the food company is responsible for the markets of Muslim countries, especially Arabs.
The new plant will produce 100,000 tons of beauty products per year, 80% of which will be exported to Arab, African and European countries. The plant had investments of EUR 250 million.
The increase took place in November over October. In comparison to the same month of 2015 there was a decline of 33.4% in these sales, according to the sector’s association.
The region purchased 127,900 sqm of the product in the first eleven months of this year, down 19.6% from year-ago levels. Tunisia was the biggest buyer; Lebanon, Morocco and Egypt were the other importers.
Out of 14 states and regions surveyed by the Brazilian Institute of Geography and Statistics (IBGE), only three saw output go up in October.
The company from the East side São Paulo has been exporting dermatological equipment to Middle East countries.