Sadia SA will postpone investments and is asking suppliers for discounts after
losing 760 million reals ($356.8 million) on currency-related derivatives, Valor
Economico reported.
Sadia plans to delay plans to build a 150 million-real plant in the United Arab
Emirates and another facility in Santa Catarina state, whose cost is estimated at
700 million reals, Valor said, citing Chairman Luiz Fernando Furlan.
The company sent a letter to its suppliers asking for a 10 percent discount in
October, November and December, the newspaper said, citing a copy of the letter.