Pilgrim’s Pride announces $190M in planned capital expenditures

GREELEY —  Pilgrim’s Pride Corp. on Tuesday said it plans to spend $190 million to improve efficiencies at its chicken-processing plants throughout the country.

Greeley-based Pilgrim’s Pride (Nasdaq:  PPC), which is majority-owned by Brazilian food giant JBS, expects the capital investment to enhance growth with key customers and expand production of its Pierce Chicken brand.

The cash flow reinvestment plan is tailored to meet customer needs through targeted capital spending in feed production, fresh chicken, and prepared foods including case-ready operations — meat packaging that is ready for display cases in supermarkets.

Planned investments include:

• $18…