CELAYA, Mexico, April 16 /PRNewswire-FirstCall/ -- Industrias Bachoco
S.A.B. de C.V. ("Bachoco" or "the Company") (NYSE: IBA; BMV: Bachoco),
Mexico's leading producer and processor of poultry products, announced
today that on April 13th part of the lending processing plant that Bachoco
operates in Monterrey, N.L., located in Northern Mexico, caught fire.
Cristobal Mondragon, Bachoco's Chief Executive Officer stated, "First
of all, I want to inform that no one was injured during the fire, and
practically no products were affected.
"The fire consumed the secondary process of the processing plant, while
the primary process, which is physically separated, suffered no damage and
is operating nearly under normal conditions.
"Several actions have taken place to guarantee the supply coming from
this plant, mainly by adjusting the product mix at other of our complexes
and redirecting the product of the primary process to other markets.
"Finally, we are in the process of evaluating the damage to the
equipment to learn how much time it will take to replace lost capacity. As
expected, all damaged assets were properly covered by insurance," concluded
Industrias Bachoco S.A.B. de C.V. (also referred to in this report as
Bachoco or the Company) was founded by the Robinson Bours family in 1952.
The Company is the largest poultry company in Mexico, with over 700
production and distribution facilities currently organized in nine
complexes throughout the country. Bachoco's main business lines are
chicken, eggs, swine and turkey, the Company is also an important player in
the balanced feed industry in Mexico. The Company's headquarters are based
in Celaya, Guanajuato, located in Mexico's central region.
Industrias Bachoco made an initial public stock offering in September
1997. Its securities are listed and traded on the BMV (Bachoco B) and on
the NYSE (IBA).
For more information, please visit Bachoco's website at
http://www.bachoco.com.mx or contact our IR department.
This press release contains certain forward-looking statements that are
subject to a number of uncertainties, assumptions and risk factors that may
influence its accuracy. Actual results may differ. Factors that could cause
these projections to differ, include, but are not limited to: supply and
demand, industry competition, environmental risks, economic and financial
market conditions in Mexico and operating cost estimates. For more
information regarding Bachoco and its outlook, please contact the Company's
Investor Relations Department.
Daniel Salazar, CFO
Claudia Cabrera, IRO
Ph. 011 52 (461) 618 35 55
In New York:
The Global Consulting Group
Ph. (646) 284-9416
Industrias Bachoco, S.A.B. de C.V.
Av. Tecnologico 401, Celaya, Gto.
SOURCE Industrias Bachoco S.A.B. de C.V.