KMC continues its good performance

At the annual general meeting of Danish Starch manufacturer on November 15, 2013 Mr. Peter C. Petersen, Chairman of the Board, was pleased to present the results of an extremely busy and exciting year.

The fiscal year 2012/13 represents the first years after the abolition of the EU quota system and the potato starch market is now operating in an open market without production limits. Prior to the abolition this situation created some uncertainty about the future of the industry.

Because of KMC’s strong value chain that extends all the way to the individual farmers the KMC group in the past year was able to provide its customers with a stable supply in a market characterized by high uncertainty. The stable supply and good disposition of stocks has contributed to KMC's strong result in the financial year

KMC continues its two-pronged strategy with a strong focus on increased added value through product development while at the same time respecting the importance of the volume commodity products.

During the year several significant projects were going on. The expansion of the head office including new state of the art application facilities was completed and the building of spray tower no. 2 was started. This project is now near its conclusion and the capacity for coldswelling starches has thus been doubled.

New sales offices in Bangkok and Dubai will also help to strengthen KMC's presence in both established and new markets.

In conclusion Mr. Nicolai Hansen, KMC CEO expressed expectations of a positive development also in the future. “We believe that our value chain from the raw material via our Danish cooperative shareholders and the efficient production sites to the world’s food producers is very strong and can be strengthened further”.

Source: KMC