CELAYA, Mexico, May 28 /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, today announced that the Company has commenced the building of new chicken farms in the state of Chiapas, South of Mexico.
Given the characteristics of the state of Chiapas, such as its potential agricultural production, population, infrastructure and sanitary conditions, among others, it is an attractive region for poultry production with high productivity levels.
In its initial step, the Company began construction of the chicken farms. This will allow the Company to participate more actively, serving this important market with products produced in the same region.
The construction of these new farms is in line with Bachoco's growing plans, and, according to the performance of the farms, the Company will determine a future plan to build a complex in the state.
Company Description
Industrias Bachoco S.A.B. de C.V. (also referred to in this report as Bachoco or 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, balanced feed, the Company also is present in other business like swine, beef, margarine and turkey, in Mexico. The Company's headquarters are in Celaya, Guanajuato, located in Mexico's central region.
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.
IR Contacts:
Daniel Salazar. CFO
Caludia Cabrera. IRO
Ph. 011 52 (461) 618 35 55
