date:Aug 06, 2018
n the fourth quarter.
Although we experienced an unprecedented run-up in tapioca cost over the last nine months, our extensive production and sourcing network in the region has enabled us to ensure continuity of supply to our customers.
Strength was noted in the companys South America business, where operating income jumped to $20 million from $4 million. Sales increased 2% to $232 million.
Our Brazil and Argentina network optimization and restructurings have positioned us to be more cost com