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 Penford--Specialty Chemicals and Food IngredientsOfficers
Customer and Market Focus
Food Technology
Production Facilities
Renewed Focus
With sharper focus and a new name, Penford Food Ingredients, Co. has emerged as a leading technology and customer service partner to selected growth segments of the food industry. For instance, the time and effort spent in developing custom solutions for nationwide fast food chains has culminated in broad-based acceptance and demand for our french fry coating technology. Production levels grew steadily throughout the year, and related sales helped the food operations achieve its first full year of profitability.
French fry coatings production increased by 61% in 1997 leading to the first full year of profitability for the food ingredients business.
Overall operating income in our specialty starch based paper chemicals and food ingredients businesses grew 14.6% with longer-term contracts with key accounts, growing acceptance of our food ingredients business and a steady focus on our core businesses, prospects for continued growth are good.
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