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URC International

URC operates in several Asian markets, including Thailand, Malaysia, Indonesia, China, Hong Kong, Singapore and Vietnam. Internationally, URC has 5 manufacturing facilities and 13 warehouses. URC continues to launch products in each of its international markets, both from its existing portfolio of products and brands and new products specifically formulated and branded for the local markets. In its most established international operations, Thailand, Malaysia and Indonesia, URC has attained leading market share positions in several product categories.

In 2000, the Company began to expand its BCF business more aggressively into other Asian markets, primarily through its subsidiary, URC International and its subsidiaries in China: Tianjin Pacific Foods Co. Ltd., Shanghai Peggy Foods Co. Ltd., Xiamen-Tongan Pacific Foods Co. Ltd., Panyu Peggy Foods Co. Ltd. and URC Hongkong Co. Ltd. (formerly Hongkong Peggy Snack Foods Co. Ltd.); in Malaysia: URC Snack Foods (Malaysia) Sdn. Bhd. (formerly Pacific World Sdn. Bhd.) and Ricellent Sdn. Bhd.; in Thailand: URC (Thailand) Co. Ltd. (formerly Thai Peggy Foods Co. Ltd.); in Singapore: URC Foods (Singapore) Pte. Ltd. (formerly Pan Pacific Snacks Pte. Ltd.) and in 2002, in Indonesia: PT URC Indonesia. The Asian operations contributed about 22% of the Company's revenues for the fiscal year ended September 30, 2004.