The Andersons Considers Albion, Michigan, Site for Ethanol Production Facility
Feb 16, 2005
The Andersons Inc.
According to Mike Anderson, President and CEO of The Andersons, corn-based fuel ethanol is the fastest growing demand segment for domestic corn. "The demand for ethanol is expected to increase from the 2002 level of 1.8 billion gallons to five billion gallons by 2012. That type of growth would have a positive impact on area corn producers and the local economy," said Anderson. In addition to creating new jobs, the construction project is expected to bring significant dollars into the community where it is located.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain and plant nutrient sectors of U.S. agriculture, as well as in railcar marketing, industrial materials formulation, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company presently has operations in six U.S. states plus rail equipment leasing interests in Canada and Mexico. Total revenues in 2004 were $1.3 billion.
SOURCE: The Andersons, Inc.
CONTACT: Gary Smith, Vice President, Finance and Treasury,
+1-419-891-6417, or Neill McKinstray, Director, Ethanol Services,
+1-419-891-6570, both of The Andersons, Inc.
Web site: http://www.andersonsinc.com/