DuPont Eyes 20 Million Expansion at Cedar Rapids Facility
DuPont Industrial Biosciences plans a 20 million expansion at 1000 41st Ave Drive SW Cedar Rapids to increase granulation capacity for the North America enzyme business. The project seeks 55 thousand forgivable loan and about 900 thousand 500 in tax credits from the Iowa Economic Development Authority Board with completion expected in Q2 2014.
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Penford restates sales higher after SEC review
Penford Corp restates fiscal 2012 2011 2010 and first two quarters of fiscal 2013 to reflect higher sales and cost of sales in its industrial starch division. Proceeds from byproducts were misclassified as cost of sales and now count as sales. Cedar Rapids plant produces ethanol and starches.
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Facebook adds video to Instagram in push for growth
Facebook introduces 15 second video clips on Instagram with filters and stabilization. The feature aims to attract mobile users and compete with Twitter's Vine as Instagram expands beyond photos. Systrom cites 130 million monthly users and over 16 billion photos shared.
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Back to the Futures Grain and Livestock Prices Preview
The Gazette promotes a weekly Friday feature titled Back to the Futures. It previews the week’s grain and livestock markets and discusses gasoline prices and related topics.
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