Swift Foods, Inc. Stock Philippines S.E.

Swift Foods, Inc. is engaged in the business of manufacturing, marketing, and distributing processed and canned meat products, poultry products and commercial feeds. Its segments are the poultry and leasing business. The Company's agribusiness division produces and sells poultry products: live and dressed/ processed chicken. Its poultry production involves two processes: broiler growing operations and dressing/processing operations. Day-old chicks are bred on rented farms and contract growers' farms for about 32 days. Harvested broiler chickens are sent to the rented dressing plant for slaughtering/processing. Its contract growers provide services: housing for the birds that meet the Company's requirements and broiler specifications; labor for day-to-day operations of the farm; and overhead costs such as water, electricity, and fuel. The Company's poultry production facility consists of one broiler farm located in Tanay, Rizal.