NutraCea announces expansion of Dillon plant
Plans to meet the growing market demand for its products made from stabilized Rice Bran derivatives.
16/02/06 NutraCea has announced an initiative to expand their Dillon, Montana plant to increase production capacity to meet the growing market demand for its products made from stabilized Rice Bran derivatives.
"Since the NutraCea/RiceX merger closing a few months ago, the Company has been consistently utilizing at or close to 100% of the manufacturing capacity of its Dillon, Montana facility. This represents an increase of daily average production during the period following the closing of the merger by more than 400% when compared to the average daily production capacity during the 9 months prior to the merger.
The Dillon facility expansion, which is being fast tracked by the Company, is anticipated to be completed during the 2nd quarter of this year, and should result in more than a 50% increase in production capability of our Stabilized Rice Bran derivative products. Building and key equipment contracts have been awarded with construction now underway. The Company has the existing financial liquidity from cash on hand and current cash flow to complete the expansion," said Ike Lynch, COO of NutraCea.
NutraCea is a leader in stabilized Rice Bran nutrient research and dietary supplement development. Through its wholly owned subsidiary RiceX, the company manufacturers as well as distributes products and food ingredients made from Rice Bran through its proprietary technology and processes.
