McCain Foods has invested approximately $100 million in its first French fry factory in Brazil. The new plant is due to open in the first half of 2021.
The move furthers McCain’s expansion in the Brazilian market. The company acquired 49 percent of Forno de Minas, which specializes in bread snacks and appetizers, in 2018, and 70 percent of Sérya, a Brazilian company specializing in preformed potato products, in May 2019. Brazil is the fifth largest frozen pre-fried potato market in the world.
McCain expects the new plant to generate 150 direct jobs, 450 indirect jobs and positively impact approximately 750 farmers and agricultural professionals.
