WESTCHESTER, Ill.Ingredion Inc. plans to invest approximately USD $100 million to increase its manufacturing capacity for specialty ingredients. The expansion is driven by a growing demand for the company’s ingredients.
The capital investments are expected to be made during the next several years in manufacturing facilities located primarily in North America and Asia Pacific, where local crops such as tapioca and rice can be better utilized.
“There are growing trends toward wholesome products made with authentic ingredients and products designed for convenience," said Ilene Gordon, chairman, president and CEO, Ingredion. “Expanding our capacity will help customers deliver against these trends."
The investments will further optimize Ingredion’s global manufacturing network, improve customer service and streamline inventories. These add to the on-going capital expenditures of more than $1 billion since 2009.
Earlier this year, Ingredion entered an agreement with Alliance Grain Traders (AGT) to be the company’s distributor of pulse flours, protein and bran ingredients.