Investment in South American rice bran technology
RiceBran Technologies, an Arizona-headquartered global leader in the production and marketing of value-added products derived from rice bran, announced a $3 million capital increase for its Nutra SA/ Irgovel subsidiary in South America.
The capital increase was made effective December 24, 2012, and consisted of the contribution by RiceBran Technologies of five stabilized rice bran (SRB) extruders and other services for a total contribution of $1.5 million and $1.5 million in cash contributed by Nutra SA investor and partner Alothon Group.
RiceBran Technologies CEO and President W. John Short said, "This capital increase will allow us to complete the capacity expansion currently underway at Irgovel during the second quarter of 2013. Once the upgrades are installed at Irgovel, the resulting introduction of our best-in-market rice bran stabilization technology will allow for improvements in raw rice bran quality as well as create the platform for future sales of SRB as a human food ingredient in the Brazilian market."
- TekWear partners up on new crop monitoring technologies
- Harvest delays impact crop performance, study shows
- Hogs were the exception to the bullish rule Thursday
- Sugarcane aphids found in North Carolina
- Online registration open for Dec. 15-16 AGMasters conference
- Export data, equity gains boost crop futures Thursday morning
- How much corn can the ethanol industry use?
- Economist: Taxing P could reduce risk of algal blooms
- Commentary: Government wants farmers to quit farming
- Ag markets made a generally mixed showing Thursday night
- What is the relationship between maturity group, yield?
- Commentary: Ambulance-chaser lawyers take on Syngenta