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Watertown Ethanol Company Trading Resumes

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By Kari Kintner
Published: July 4, 2007, 2:19 PM

A Watertown based ethanol company, Glacial Lakes Corn Processors, has resumed trading shares this
week after a one-year break for an equity drive. 

Jon Anderson of Bryant, Glacial Lakes chairman, says he doesn't think the resumption of trading will lessen the shares' value. 

He says construction of plants at Redfield and Mina is going well, as is an expansion at Watertown. However, according to Anderson, construction at the Missouri Valley Ethanol Plant at Meckling is on hold. 

Anderson says total production for the Watertown, Redfield and Mina plants should be around 210 million gallons a year. With the Meckling plant, it would hit about 260 million gallons a year.




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