Thursday October 9, 3:00 pm ET CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--Penford Corporation (Nasdaq: PENX - News), a global leader in renewable, natural-based ingredient systems for food and industrial applications, announced the following developments: The Company’s principal subsidiary, Penford Products Co., has substantially completed the restoration of the industrial starch manufacturing operations at its Cedar Rapids, Iowa plant, which had been shut down by record flooding in June of this year. The facility’s current processing rate has reached pre-flood levels and the full range of industrial starch products is being produced. Effective as of September 15, 2008, the Company announced the termination of the force majeure event that had shut down industrial starch operations at the plant. The Company has begun to resupply its...
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