| Business Summary | | Midwest
Grain
Products,
Inc.
processes
wheat,
corn
and
milo
into
a
variety
of
products
through
an
integrated
production
process.
The
process
produces
wheat
gluten
products,
which
include
vital
wheat
gluten
and
specialty
wheat
proteins;
premium
wheat
starch;
alcohol
products;
and
flourmill
products.
The
Company
sells
its
products
on
normal
credit
terms
to
customers
in
a
variety
of
industries
located
primarily
throughout
the
United
States.
Through
its
wholly
owned
subsidiaries,
the
Company
operates
in
Atchison,
Kansas
and
Pekin,
Illinois,
(Midwest
Grain
Products
of
Illinois,
Inc.).
Additionally,
Midwest
Grain
Pipeline,
Inc.,
another
wholly
owned
subsidiary,
supplies
natural
gas
to
the
Company's
Atchison
plant. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Midwest
Grain
Products,
Inc.
is
a
fully
integrated
producer
of
vital
wheat
gluten,
premium
wheat
starch
and
alcohol
products.
For
the
nine
months
ended
3/31/01,
net
sales
fell
less
than
1%
to
$172.2
million.
Net
income
fell
72%
to
$1.1
million.
Revenues
reflect
lower
sales
of
vital
wheat
gluten,
premium
wheat
starch
and
food
grade
alcohol.
Earnings
reflect
an
increase
in
selling,
general
and
administrative
expenses
attributable
to
marketing
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
57,021;
after
tax
earnings
were
1,549. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Cloud Cray, Jr., 77 Chairman | -- | Laidacker Seaberg, 54 Pres,
CEO, Director | $392K | Michael Trautschold, 52 Exec.
VP of Sales and Marketing | -- | Randy Schrick, 50 VP
- Operations | 189K | David Rindom, 45 VP
of HR | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|