Chilean chicken suppliers begin restructuring process

company pacific food, think Largest broiler chicken supplier to Chilean supermarkets, asked the court to begin financial restructuring proceedings and thus avoid its liquidation.The company disclosed its liabilities 12.545 billion US dollars, the largest creditors are Security y Estado Bank and Frío Food SAC Bank.

Your reason? Unlike many local companies that have followed suit and pointed out the serious impact of the social crisis and the epidemic on themselves, the company stated that it has been severely affected by avian influenza.

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“Alimentos Pacifico has seen Temporarily facing a period of no continuous supply

and an amount that allows it to develop its business and comply with its commercial agreements with clients,” the company, which was advised by the law firm, explained to the court. Luis Felipe Castañeda.

As explained, the company’s operations are based on agreements with foreign raw material suppliers. “As far as chicken is concerned, it is mainly of Argentine origin, given the lower volumes and lower costs obtained from that country,” he stressed.

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