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Swift Foods eyes new market and business

Swift exec says poultry production has become unprofitable
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Listed Swift Foods Inc. has announced that it is shifting away from producing live and dressed poultry following its announcement of going into franchising and retail trade. [Read Swift Foods to go into franchising here

Bernie Concepcion, Swift Foods president, said the company will soon be producing "value-added products custom made for specific institutions." This could mean that Swift products would no longer be available in supermarkets and wet markets.

Concepcion said the glut in the chicken supply owing to the huge volume of imported chicken during the Arroyo administration effectively made the local poultry industry unprofitable .
"The sale of Pure Foods only shows that industry giants like San Miguel is already calling it quits," Concepcion said.

Conglomerate San Miguel Corp. announced early this month that is selling nearly 50 percent of its stake in Pure Foods Corp., which handles the company’s processed meats, poultry, livestock, feeds and dairy operations.

The Arroyo administration imported commodities like rice and chicken to buffer the food supply of the country, which was adversely affected by several natural calamities.

“The previous administration was (importing) on the philosophy that ‘di bale sumobra huwag lang magkulang, which had a terrible effect on the industries in the long run,” Concepcion said.



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