Pilgrim’s capital spending will be between US$450 million and US$500 million by 2025, according to the company’s own projections.

This producer and distributor of poultry and pork products plans to make these investments in the acquisition of property, plant and equipment. 

The investments will be focused on increasing operations, improving efficiency, reducing company costs, and for information technology system improvement projects. 

Pilgrim’s plans to fund these capital expenditures with cash flow from operations and cash on hand.

Pilgrim’s capital spending

In 2024, the company invested $337 million in the United States, $91.2 million in Europe and $30.3 million in Mexico.

Capital expenditures during 2024 were primarily for growth projects. These included the expansion of Moorefield, WV, and the protein conversion plant in South Georgia. In addition, investments were made to optimize operating efficiencies, improve information technology systems and reduce costs.

Pilgrim’s worldwide capital spending, in millions of dollars, is shown below:

• 2018: 349.
• 2019: 348.
• 2020: 355
• 2021: 382.
• 2022: 487.
• 2023: 558.
• 2024: 458.

Investments in Mexico

JBS S.A. owns 82.42% of the outstanding common stock of Pilgrim’s, which sells its products in the United States, Europe, Mexico and 120 other countries.

These are Pilgrim’s investments in Mexico, in millions of dollars:

• 2018: 32.4.
• 2019: 19.7.
• 2020: 13.0.
• 2021: 19.7.
• 2022: 29.0
• 2023: 30.2.
• 2024: 30.3.

Pilgrim’s is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors and foodservice operators. 

The company’s sales efforts are focused on the foodservice and retail industry. In this sector, it serves restaurant chains and food processors, such as Chick-fil-A. It also supplies retail customers, including supermarkets and wholesale clubs in the United States, such as Kroger, Costco, Publix and H-E-B. In the United Kingdom and Europe, it works with restaurant chains such as McDonald’s and supermarkets such as Sainsbury’s, Tesco and Waitrose. In Mexico, it supplies chains such as Wal-Mart.