Imperial Sugar Company Receives State Tax Incentive To Expand Operations In Gramercy, Louisiana.Business Editors SUGAR LAND, Texas--(BUSINESS WIRE)--Aug. 28, 2003 Imperial Sugar Company (Nasdaq:IPSU IPSU Indigenous Professional Support Unit (Australia) ) announced today that it will receive an incentive from the State of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. under an existing Industry Assistance Program. The program calls for relief from state sales and use taxes Sales and use tax refers to:
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robert A. Peiser, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Imperial Sugar, this incentive is being used to expand the packaging capability at its refinery in Gramercy gra·mer·cy interj. Archaic Used to express surprise or gratitude. [Middle English gramerci, from Old French grand merci : grand, great; see grand + , La., retain 345 existing jobs and add about 25 local jobs. Mr. Peiser and Louisiana Governor M.J. "Mike" Foster, Jr. announced the incentive at a press conference in Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. on
Wednesday, Aug. 27. Governor Foster noted the importance of Imperial
Sugar to the Gramercy area at the press conference, while Mr. Peiser
outlined the Company's plans for investing in its operations in
Gramercy.
"Imperial has been working with Louisiana Economic Development to facilitate the relocation of its packaging equipment to the Gramercy facility," said Peiser. "This initiative is a significant step toward increasing Imperial's profitability and financial strength. We appreciate the efforts of Governor Foster, Secretary Hutchinson, Kelsey Short of Louisiana Economic Development and everyone else involved in this effort as well as the generosity of the State of Louisiana." Louisiana produces about 20 percent of the sugar grown in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ," said Governor Foster. "Imperial Sugar has chosen to remain in Louisiana and add to its Gramercy payroll. This is an example of our aggressiveness in retaining and growing our existing industry base." The Gramercy refinery opened in 1895 and is one of the largest employers in Gramercy as well as within St. James Parish. About Imperial Sugar The Imperial Sugar Company is one of the largest processors and marketers of refined sugar in the United States and a major sugar distributor to the foodservice market. Imperial Sugar has been recognized and trusted in the food industry for more than 150 years, as the company's history dates back to the mid-1800s. With packaging and refining facilities across the nation, the Company markets products nationally under the Imperial(R), Dixie Crystals(R), Spreckels(R), Pioneer(R), Holly(R) and Wholesome Sweeteners(TM) brands. Additional information about Imperial Sugar may be found on its Web site at www.imperialsugar.com. |
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