INGREDION Incorporated said it would expand its production capacity for speciality ingredients, based on growing demand for higher-value ingredients. The company, which manufactures natural sweeteners, starches and nutrition ingredients, plans to invest about $100 million for this undertaking.
“There are growing trends toward wholesome products made with authentic ingredients and products designed for convenience. Expanding our capacity will help customers deliver against these trends,” said Ilene Gordon, chairman, president and CEO of Ingredion.
According to the company, the investment will be made within the next few years at its facilities in North America and Asia Pacific, where application of ingredients such as tapioca and rice, remains high.
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