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Triumph Foods to Delay Construction of New Facility in East Moline, IL

 

Triumph Foods to Delay Construction of New Facility in East Moline, IL

For more information contact:
R. Patt Lilly
Triumph Foods, LLC
816-396-2886


St. Joseph, MO (October 15, 2008)….Triumph Foods, LLC announced today that it has determined that due to significant changes in both the financial sector and the commodities market that at this time it is not feasible to begin construction of it’s proposed East Moline, IL, pork processing facility.  The Company will now delay the start of the project for a period of time yet to be determined. Land was purchased for the project in 2007 and construction was anticipated to begin in January of 2009.

“As a Company we are obviously disappointed in the delay of the project resulting from the current economic conditions impacting the country”, said Rick Hoffman, CEO of Triumph Foods.  “We are still committed to the East Moline community and are optimistic the project will proceed in the future”, Hoffman went on to say.

Triumph Foods will maintain ownership of the property in East Moline and will continue with plans to proceed with construction of the new facility at a later date.

At this time though given the uncertainties associated with the economy no specific time frame for construction can be offered.

Hoffman went on to say, “we appreciate the support of the East Moline community and its leaders and look forward to the day we are able to announce our new construction schedule”.

Triumph Foods is a producer owned pork processing company located in St. Joseph, MO.