Penford to invest $10m to install starch processing technology
The project involves remodelling or replacing existing rooms to install new equipment, and adding a…The project involves remodelling or replacing existing rooms to install new equipment, and adding a new packaging room.
The upgrade is expected to be completed this fall, following which, the company will produce new starch-based products. About five positions are likely to be added to the facility's existing workforce of 20, reported Tri-cityherald.com.
Penford, based in Colorado, US, manufactures specialty natural-based ingredient systems for food and industrial ingredient applications. It develops and manufactures ingredients with starch as a base.
The starch products are manufactured primarily from corn and potatoes. In 2011, the company sold more than 150 million pounds of starch.
