Milling & Baking News - September 8, 2009 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS SEPTEMBER 8, 2009 / FEATURE Imperial Sugar getting back on track after 2008 explosion Focused in Southwest ConAgra Mills builds on Texas base with acquisition, expansion of Saginaw mill Story on Page 19 LATE NEWS Krispy Kreme financial results improve WINSTON-SALEM, N.C. - Krispy Kreme Doughnuts, Inc. sustained a loss of $157,000 in the second quarter ended Aug. 2, a significant improvement from the $1,907,000 loss during the second quarter last year. Net sales were $82,730,000, down 12% from the second quarter last year. Same store sales trends improved, with a 5.9% gain year-over-year in the second quarter, versus a 2.1% gain in the first quarter this year and a decline of 4.1% in the second quarter last year. "The warm summer months traditionally are a challenging time for our domestic Krispy Kreme shops, but we believe our improved results in Continued on Page 10 PARK CITY, UTAH - John Sheptor was just eight days into his new role as president and chief executive officer of the Imperial Sugar Co., Sugar Land, Texas, when a fatal explosion and fire shut down the nation's second largest sugar cane refinery, the Imperial plant in Port Wentworth, Ga., on Feb. 7, 2008. Since then he has dealt with massive public relations and government issues while leading the reconstruction of the plant, now a state-of-the-art facility that resumed partial operations in June 2009 and is expected to start packaging, the final component, later this month. "I spent the first six weeks in Georgia," Mr. Sheptor said. Not only did he have to oversee the demolition and eventual reconstruction of the plant, he also had to deal with numerous government entities that were sometimes at odds with each other over various aspects of the situation, including which agency was most responsible for the lack of combustible dust regulations for the sugar industry. "I had a crash course in journalism," he said, noting that public relations had not been one of the strengths in his skill set. And there was the human side since the event resulted in the deaths of more than a dozen workers and injuries to more than three dozen. "There was a whole host of emotions," Mr. Sheptor said. He noted heroic actions by employees bringing injured coworkers out of the facility and ongoing courage by those suffering burns. "The community embraced the Continued on Page 13 Consumer Reports study shows high fiber cereals becoming more flavorful YONKERS, N.Y. - A new study from trained taste testers at Consumer Reports suggests high fiber cereals have come a long way from those more than a decade ago when testers said the products tasted "more like straw than grain." In a comparison of 18 high-fiber cereals, Consumer Reports taste testers found seven "standouts" based on nutrition and taste. The seven cereals were: * Kirkland Signature Spiced Pecan cereal. Sold at Costco, this product was the only one to receive an "excellent" rating. The cereal topped the list thanks to its blend of grains, nuts and seeds and cinnamon/nutmeg flavor. At a cost of 33c per serving, the cereal was one of the most inexpensive options tested by Consumer Reports. * Kashi GoLean Crunchy Fiber Twigs, Soy Protein Grahams and Honey Puffs. With 10 grams of fiber per serving, this product was one of 11 cereals rated "very good" for nutritional value, according to Consumer Reports. In addition, the cereal had one of the lowest amounts of sugar (6 grams) and calories (140) per serving. * Archer Farms High Fiber. This high fiber cereal from Target was found to have a sweet, crunchy, toasted grain and Continued on Page 12

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Milling & Baking News - September 8, 2009