Ingredion to invest US$100m to expand manufacturing capacity

Published: 25-Sep-2014

Primarily in North America and Asia Pacific to make better use of local crops such as tapioca and rice


Ingredion, a global ingredients company, is to invest approximately US$100m to increase its manufacturing capacity for speciality ingredients.

The planned expansion is driven by growing demand for the company's higher-valued ingredients.

The capital investments are expected to be made over the next few years in manufacturing facilities located primarily in North America and Asia Pacific, where local crops such as tapioca and rice can be better utilised.

'There are growing trends toward wholesome products made with authentic ingredients and products designed for convenience,' said Ilene Gordon, Chairman, President and CEO of Ingredion. 'Expanding our capacity will help customers deliver against these trends.'

The company says the investments will further optimise its global manufacturing network, improve customer service and streamline inventories. These add to the ongoing capital expenditures of more than $1bn since 2009.

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