| Business Summary | | Industrias
Bachoco,
S.A.
(Bachoco)
is
the
largest
poultry
producer
in
Mexico,
with
three
principal
product
lines:
chicken,
eggs
and
swine.
With
production
of
approximately
4.9
million
chickens
per
week,
Bachoco
accounted
for
approximately
23.3%
of
total
Mexican
chicken
production
in
1999.
Sales
of
chicken
products
accounted
for
87.5
%
of
Bachoco'
s
net
sales
in
1999.
Bachoco
is
the
third
largest
producer
of
table
eggs
in
Mexico,
producing
approximately
1.7
million
dozen
eggs
per
week.
Bachoco
has
been
an
innovator
in
packaging
and
marketing
of
table
eggs.
Sales
of
eggs
accounted
for
9%
of
Bachoco's
net
sales
in
1999.
Sales
of
swine,
which
the
Company
sells
on
the
hoof
to
meat
packers
for
the
production
of
pork
products,
accounted
for
1.8%
of
Bachoco's
net
sales
in
1999.
The
remaining
portion
of
net
sales
was
made
up
of
miscellaneous
poultry-related
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Industrias
Bachoco
SA
de
CV
is
a
holding
Company
whose
principal
operating
subsidiary
is
Bachoco,
SA
de
CV
which
is
a
poultry
producer
in
Mexico,
with
three
principal
product
lines:
chicken,
eggs
and
swine.
For
the
fiscal
year
ended
12/31/99,
net
sales
fell
6%
to
Ps5.64
billion.
Net
income
according
to
U.S.
GAAP
fell
10%
Ps847.2
million.
Revenues
reflect
a
lower
chicken
and
egg
prices.
Net
income
reflects
lower
margins,
and
higher
S/G/A
expenses
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Enrique Robinson Bours | Chairman | Arquimedes Adriano Celis Ordaz, 46 | CEO,
Director | Francisco Javier Bours Castelo | Vice
Chairman | Cristobal Mondragon Fragoso, 54 | CFO,
Director | David Gastelum Cazarez, 48 | Director
of Marketing, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|