Pilgrim's to Spend $400 Million on New Georgia Plant for Prepared Foods

Pilgrim's Pride Corp. is investing $400 million in a new facility in Georgia to expand its prepared food business. The facility will produce fully cooked chicken products and create 630 jobs. The investment is part of JBS's strategy to boost its branded, value-added food products, which typically have higher profit margins. Chicken demand is booming as consumers seek cheaper alternatives to beef.