Penford Products Co. and BCTGM Agree to Contract Extension
August 02 2007 - 12:36PM
Business Wire
BCTGM Local 100 members at Penford Products Co. have ratified a
three year contract extension that will extend their current
agreement to August 1, 2012. The current agreement is in place
until August 1, 2009. Approximately 150 union workers are covered
by the agreement. The provisions of the contract are similar to the
current agreement. �We are pleased that we have reached agreement
with the Union on a contract extension with mutually beneficial
terms and conditions. The ratification of the proposal reflects a
desire by all employees to build a stronger future for the
Industrial business and reinforce the sustainability of the Cedar
Rapids facility�, stated Tim Kortemeyer, Penford Products Co.
President and General Manager. Penford previously announced plans
to expand the capacity of the Cedar Rapids plant, concurrent with
the construction of the new ethanol facility, scheduled for
start-up at the end of this calendar year. The Company also
commissioned two new boilers at the site last December. About
Penford Corporation Penford Corporation (Nasdaq: PENX) develops,
manufactures and markets specialty natural-based ingredient systems
for various applications, including papermaking, textiles and food
products. Penford has nine locations in the United States,
Australia and New Zealand. The Cedar Rapids site is Penford�s
largest manufacturing plant.
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