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Home > Company Index > Chemicals > Specialty Chemicals > Penford Corporation

Penford Corporation
Nasdaq: PENX
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 PROFILE
Penford Corporation makes carbohydrate-based specialty starches used by the food, paper, packaging, and textile industries. Paper manufacturers use Penford's specialty starches and film-forming ingredients to improve the strength and quality of magazine and catalog paper. Customers include Georgia Pacific (19% of sales) and Mead Paper (13%). Penford also makes specialty starches that provide body and stiffness for yarn and finished fabrics. Its food ingredients include coatings to improve the crispness, texture, and shelf life of various food products. Penford has strategic alliances with Dow Chemical and Novartis. It operates plants in Australia, New Zealand, and the US. The US accounts for 87% of sales.

 COMPETITION
Archer Daniels Midland Company (ADM)
Opta Food Ingredients, Inc. (OPTS)
Tate & Lyle PLC (TATYY)

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 FINANCIAL OVERVIEW
Fiscal Year-End: August
2000 Sales (mil.): 158.20
1-Yr. Sales Growth: 2.0%
Employees: 382
Revenue per employee: $414,136.13

 KEY PEOPLE
• Jeffrey T. Cook
    CEO
• Jacqueline L. Davidson
    CFO

 CONTACT INFO
777 108th Ave. NE, Ste. 2390
Bellevue, WA 98004
US
Phone: 425-462-6000
Fax: 319-298-3285
Online: Web Site

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