Ingredion invests $30m into expanding production capabilities in Mexico
The facility - which makes starches, glucose, HFCS and adhesives - has been increasing production to support the growth demands of Ingredion's core and specialty products over the past several years, said the company, which expects to complete the latest expansion project in the first quarter of 2017.
"We are excited about this incremental investment. With close to $1 billion in annual sales, Mexico is a profitable and growing market for us. It has a positive economic outlook and favorable demographics," said Jim Zallie, Ingredion executive vice president, global specialties and president, Americas.
"As our customers continue to invest in Mexico there`s an increasing demand for our ingredients and our local manufacturing capabilities are a competitive advantage. This investment will position us to address our customer needs while further enhancing shareholder value."
