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For the past several years, we have made extensive investments and implemented operational efficiencies in our infrastructure, upgrading and expanding facilities and equipment at both Penford Products Co. and Penford Food Ingredients Co. Plant capacity for paper and food operations has grown a combined 15% in response to growing demand and new market opportunities. Those expanded facilities helped Penford Corporation achieve new production records and supported a 31% increase in shipments of modified starch-based food ingredients.
Our investments in infrastructure have supported a better than 15% increase in Penford Corporation production capabilities.
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