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CHS Inc says permanently closes soy processors in Kansas, Iowa
December 1, 2017 / 7:29 PM / 11 days ago

CHS Inc says permanently closes soy processors in Kansas, Iowa

Dec 1 (Reuters) - CHS Inc, the largest U.S. farmer cooperative, permanently closed soybean processing plants in Hutchinson, Kansas, and Creston, Iowa, as well as a technology and innovation center in Eagan, Minnesota, the company said in a statement on Friday.

* 144 positions were eliminated, including 77 in Hutchinson and 53 in Creston.

* Company is reviewing all assets to restore “financial flexibility.”

* CHS on Nov. 9 reported pre-tax loss of $54.8 million for fiscal 2017. (Reporting By Michael Hirtzer)

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