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Trading resumes for ethanol firm
WATERTOWN, S.D. (AP)--A Watertown based ethanol company, Glacial Lakes corn Processors, resumed trading shares recently after a one-year break for an equity drive. Jon Anderson of Bryant, Glacial Lakes chairman, said he doesn't think the resumption of trading will lessen the shares' value. Construction at plants at Redfield and Mina is going well, he said, as is an expansion at Watertown. But construction at the Missouri Valley Ethanol Plant at Meckling is on hold, according to Anderson. He said total production for the Watertown, Redfield and Mina plants should be around 210 million gallons a year. And with the Meckling plant, it would hit about 260 million gallons a year, Anderson said. Date: 7/25/07
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