CONFORMED
Securities
and Exchange Commission
Washington,
D.C. 20549
FORM
6-K
Report
of
Foreign Issuer
Pursuant
to Rule 13a-16 Or 15d-16
Of
The
Securities
Exchange Act of 1934
For
the
month of October 14, 2008
BACHOCO
INDUSTRIES
(Translation
of Registrant’s name into English)
Avenida
Tecnológico No. #401
38010
Celaya, Guanajuato
(Address
of principal office)
(Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.)
(Check
One) Form
20-F
x Form 40-F
o
(Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing information to the Commission pursuant
to
Rule 12g-3-2(b) under the Securities Exchange Act of 1934.)
(Check
One) Yes
o
No
x
(If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b). 82__.)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
Industrias
Bachoco, S.A. de C.V.
|
|
|
(Registrant)
|
|
|
Date:
October 14, 2008
|
By
/s/ Daniel Salazar Ferrer,
CFO
|
Bachoco
Discloses Effects of Financial Volatility on Its Financial
Position
Celaya,
Guanajuato. Mexico, October 14, 2008
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 the effects that recent
worldwide volatility in the financial markets had on its financial
position.
The
mark-to-market of the Company’s financial derivative instruments had an effect
of approximately US$50 million as of October 13, 2008.
Most
of
this amount is spread over the rest of the year and first half of
2009.
The
Company is following closely the evolution of the financial markets and keeping
close communications with the financial players to make appropriate decisions
in
order to reduce the above-mentioned effects.
Cristobal
Mondragon, Bachoco’s CEO, stated, “Our solid financial structure is allowing us
to deal with the present situation and meet all of our financial
commitments.”
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, and balanced feed. The
Company is also present in other businesses in Mexico like swine, beef,
margarine and turkey. 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.
