Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End
Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End
- Plant to Operate as a Terminal -
- 工廠將作爲一個終端運營 -
PEKIN, Ill., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, has announced that it will cold idle its Magic Valley, Idaho facility on December 31, 2024, yet continue to provide terminal services at the plant.
伊利諾伊州皮肯，2024年11月29日 (環球新聞社) -- Alto Ingredients, Inc. (納斯達克: ALTO)，作爲主要生產和分銷特種酒精、可再生燃料和基本成分的領先企業，宣佈將於2024年12月31日冷閒置其位於愛達荷州魔谷的設施，但將繼續提供該工廠的終端服務。
"With the first quarter 2025 forecasts of very low to negative crush margins in the West, it is fiscally prudent to idle the Magic Valley facility to minimize anticipated financial losses," said Alto Ingredients President and CEO Bryon McGregor. "Consistent with our commitment to our customers, we will meet our remaining contractual responsibilities and then operate our Magic Valley plant as a terminal. We intend to resume operations at the facility when the economic environment improves on a more sustainable basis. We believe these actions will have a positive impact on our overall financial results."
"由於2025年第一季度西部粉碎邊際非常低甚至爲負，冷閒置魔谷設施以最小化預計的財務損失是經濟上明智的決定，" Alto Ingredients總裁兼首席執行官Bryon McGregor表示。 "與我們對客戶的承諾一致，我們將履行剩餘的合約責任，然後將我們的魔谷工廠作爲一個終端運營。我們計劃在經濟環境在更可持續的基礎上改善時恢復工廠的運營。我們相信這些行動將對我們的整體財務業績產生積極影響。"
About Alto Ingredients, Inc.
Alto Ingredients, Inc. (ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. The company's customers include major food and beverage companies and consumer products companies. For more information, please visit .
關於Alto Ingredients, Inc。
Alto Ingredients, Inc. (ALTO) 是一家主要生產和分銷特種酒精、可再生燃料和基本成分的領先企業。該公司專注於四個關鍵市場的產品：健康、家居與美容；食品飲料；基本成分；以及可再生燃料。該公司的客戶包括主要食品飲料公司和消費品公司。有關更多信息，請訪問。
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements and information contained in this communication that refer to or include Alto Ingredients' estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Alto Ingredients' current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as "anticipate," "believe," "plan," "could," "should," "estimate," "expect," "forecast," "outlook," "guidance," "intend," "may," "might," "will," "possible," "potential," "predict," "project," or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements concerning Alto Ingredients' projections of future crush margins; Alto Ingredients' ability to meet forward contract commitments to its customers; and the effects on Alto Ingredients of cold idling its Magic Valley facility. It is important to note that Alto Ingredients' plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Alto Ingredients' current expectations depending upon a number of factors affecting Alto Ingredients' business and plans. These factors include, among others, economic and market conditions, including for specialty alcohols, renewable fuels and essential ingredients; export conditions and international demand for the Alto Ingredients' products; fluctuations in the price of and demand for oil and gasoline; and raw material costs, including production input costs, such as corn and natural gas. These factors also include, among others, the inherent uncertainty associated with financial and other projections and events, factors and risks previously and from time to time disclosed in Alto Ingredients' filings with the Securities and Exchange Commission including, specifically, those factors set forth in the "Risk Factors" section contained in Alto Ingredients' Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2024.
1995年《私人證券訴訟改革法》中的安全港聲明
本通訊中包含的有關Alto Ingredients估計或預期未來業績或其他非歷史性事實表述的聲明和信息，屬於反映Alto Ingredients截至通訊日期現有趨勢和信息的前瞻性聲明。前瞻性聲明通常伴隨着"預測"，"相信"，"計劃"，"可以"，"應該"，"估計"，"預計"，"展望"，"指南"，"打算"，"可能"，"將"，"可能的"，"預測"，"項目"或其他類似詞語，短語或表達。這些前瞻性聲明包括但不限於有關Alto Ingredients未來粉碎利潤率的預測；Alto Ingredients滿足向客戶的遠期合約承諾的能力；Alto Ingredients在冷停Magic Valley工廠的影響。值得注意的是，Alto Ingredients的計劃，目標，預期和意圖並非是對實際表現的預測。實際結果可能會與Alto Ingredients當前的期望有重大差異，這取決於影響Alto Ingredients業務和計劃的許多因素。這些因素包括但不限於經濟和市場條件，包括特種酒精，可再生燃料和基本成分的出口條件和國際訂購情況；油價和汽油價格的波動以及需求；以及原材料成本，包括生產輸入成本，如玉米和天然氣。這些因素還包括以前和不時在Alto Ingredients向證券交易委員會提交的文件中公開的財務和其他預測及事件，因素和風險，特別是在Alto Ingredients於2024年11月8日向證券交易委員會提交的《Form 10-Q季度報告》中列明的「風險因素」部分中設置的那些因素。
Company IR Contact:
Michael Kramer, Alto Ingredients, Inc., 916-403-2755, Investorrelations@altoingredients.com
公司IR聯繫人:
Michael Kramer，Alto Ingredients，Inc.，916-403-2755，Investorrelations@altoingredients.com
IR Agency Contact:
Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777, Investorrelations@altoingredients.com
IR代理聯繫人：
Kirsten Chapman，Alliance Advisors Investor Relations，415-433-3777，Investorrelations@altoingredients.com
譯文內容由第三人軟體翻譯。