Profile: REX American Resources Corp (REX.N)
27 Mar 2015
Rex American Resources Corporation (REX), incorporated on February 13, 1984, is a holding company to succeed to the entire ownership of three affiliated corporations, Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. The Company operates through two business segments: alternative energy and real estate. As of January 31, 2014, the Company invested in four ethanol production entities. The Company’s ethanol investments include One Earth Energy, LLC, NuGen Energy, LLC, Patriot Renewable Fuels, LLC, Big River Resources, LLC-W Burlington, Big River Resources, LLC-Galva and Big River United Energy, LLC and Big River Resources Boyceville, LLC.
One Earth operates an ethanol production facility in Gibson City, Illinois. NuGen Energy, LLC operates an ethanol producing facility in Marion, South Dakota. Patriot operates a plant, which is located in Annawan, Illinois. Big River is a holding company for several entities including Big River Resources West Burlington, LLC, which operates an ethanol plant in West Burlington, Iowa. Big River completed construction of its second plant which is located in Galva, Illinois. Big River owns an ethanol production facility, which is located in Boyceville, Wisconsin. Big River also operates five agricultural elevators with a storage capacity of 10 million bushels. The Company’s plants are designed to use the dry milling method of producing ethanol. The Company’s ethanol entities own a combined 408 acres of land and two facilities with an annual nameplate capacity of 100 million gallons of ethanol each.
The real estate segment includes all owned and sub-leased real estate including those previously used as retail store operations, its real estate leasing activities and certain administrative expenses. As of January 31, 2014, the Company had lease agreements, as landlord, for four owned former retail stores, which had a total land area of 51,000 square feet, and had seven vacant former retail properties, which had a total land area of 86,000 square feet.
REX American Resources Corp
7720 PARAGON ROAD
DAYTON OH 45459