News Date : 04/08/2020
Company advancing its growth strategy in the Asia-Pacific (APAC) region, investing in a new modified starch complex to increase production capacity and expand its ingredient portfolio to meet growing customer demand.
Shanghai, CHINA, April 8, 2020 — Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions, today announced it will significantly expand its production capacity and capabilities in Shandong, China. With this investment, the Company will build a new, integrated native and modified starch facility adjacent to its existing Shandong facility. The expanded capabilities will provide additional service and supply benefits for its local and regional customers while further optimising its global supply chain network for specialty starches. The investment is expected to be complete by early 2022.
“We see strong demand for clean-label ingredients and specialty starches coming from our established and emerging food customers,” said Valdirene Licht, senior vice president and president, Asia-Pacific. “Chinese consumers are seeking healthier, more diverse, premium and convenient food options. This investment enables us to further strengthen partnerships with our customers as a well-positioned local supplier. Ingredion’s local market insights, concept-to-launch expertise and technical and sales services will enable us to deliver consumer-preferred innovation on behalf of our customers.”
The new Ingredion Shandong facility complements the Company’s manufacturing network in Shanghai and is strategically located next to local farmers who provide high-quality raw materials, such as non-GMO corn. “This facility not only provides us with faster access to raw materials, it also allows us to effectively implement our sustainable agriculture program benefiting local farmers. We can produce high quality and diverse products that our customers require to meet the local market trends,” said Jacques Guglielmi, vice president and general manager, Greater China.