February 10, 2011

PharmTech's sales rise 10% on-year

Des Moines' PharmTech International, which produces nutritional supplements for animal feeds, reported a 10% rise in its 2010 sales against 2009.

The company also does custom packaging for cattle feed, poultry feed and other livestock feeds.

"We know that many people were concerned about the possible loss of the mill when it was about to close three years ago. Three years later, our sales are even higher, and we continue to have 16 employees at our two mills," said Steve Hartung, operations manager.

Hartung attributed the increase in sales to increased optimism about the agricultural economy and a 17% increase in export sales of the company's OCM Global digestive supplements for pigs, cattle and poultry.

An animal feed supplement, OCM Global is a nonmedicated proprietary blend of minerals that has been credited with digestive support in dairy cattle, poultry and swine. PharmTech's OCM Global works by supporting nutrient digestibility and maximising livestock feed intake, resulting in uninterrupted performance and growth.