| 15 November 2011 | At KMC’s annual general meeting on 11 November 2011 Chairman Martin Arvad was very pleased to present a historically strong result. The result represented a highly positive development compared to last year’s result. After several years of investment in KMC’s specialty starches business, this segment is now a major contributor to KMC's bottomline. Another significant factor was the poor harvest yields almost all over the world, which resulted in a global undersupply of starch products. Also the potato harvest in Denmark was significantly below normal. However, with KMC’s carry over stock in combination with very strict inventory management we were able to significantly reduce any adverse effects for our customers. We strongly believe that we also last year lived up to our reputation as being dependable and focused on our customers’ needs. Martin Arvad once again expressed all confidence in KMC’s adopted strategy with increased focus on functional ingredients, a strategy that already has proven its value and is expected to take KMC well into the future. |
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