Production of pasta has started at the MEDALLION FOODS INC. plant in Tacoma, Washington. The $25 million, state-of-the-art facility can make 72 tons of pasta a day, drawing on the 600 tons of durum semolina wheat flour that can be stored on-site at any one time. It incorporates manufacturing technologies developed by parent NISSHIN FLOUR MILLING CO., LTD., which, through a subsidiary, is the leading maker of pasta in Japan. Most of Medallion Foods' output is sold on the West Coast or shipped to Japan. The 40-employee company formally was established by Nisshin Flour's FOOD MASTERS (PNW) CORP., which markets flour and batter mixes in the United States from its base in Tacoma.
KYOTARU CO., LTD., which built up through purchases various chains of franchised fast-food outlets and casual-eating places in the United States in the late 1980s and early 1990s before poor results forced it to file for bankruptcy at home in March 1997, has exited the American restaurant business. The last units sold were five Paragon Steak House Restaurants.
An exchange rate of ¥140=$1.00 was used in this report.