Last month, Danish potato starch manufacturer KMC reported strong financial performance of the company.
At the annual general meeting on November 16, 2012 Mr. Peter C. Petersen, Chairman of the Board, was pleased to present yet another strong result.
The positive development, the company experienced last year has continued in the financial year 2011/12.
At the beginning of the financial year the demand for potato starch was high as stocks in Europe were almost empty. This meant that world market prices reached a level not seen before. KMC’s strong result can also be contributed to KMC's loyalty to the customers the previous year when the starch supply situation was very tight. Over the year a gradual normalization of the supply situation has been seen.
KMC’s strategy with a strong focus on increased added value through product development was followed in the financial year and has had a positive impact on the historically good result. This work will continue in the coming years and is considered essential to maintain attractive earnings in the company.
KMC has built a very strong strategic platform within this essential business area and also in the coming years we expect to see significant growth from our most specialized product offerings.
Source: KMC News
Potato Starch manufacturer KMC had another good year.
