Penford Products rebounds from flood

By | January 03, 2009
Penford Products Co. in Cedar Rapids, Iowa, resumed production in October at 90 percent of the ethanol plant's 45 MMgy capacity, pending tank repairs. The plant was off line for more than three months following record flooding in the state in June. The plant had begun production only one month before the flood caused $47 million in damages, not including lost profits.