Ingredion completes one-third of its $160M in capital investments

Ingredion Incorporated announced that it has completed one-third of its $160M in capital investments to significantly expand capacity for a range of modified and clean label specialty starches across its global supply chain. At the Company’s June Investor Day, its leadership team announced $160M in capital investments through 2024 to selectively expand and increasingly localize its production capacity to meet customers’ growing demands for specialty starches that provide texture for taste along with formulating and label-friendly options for food and beverages. In addition to providing capacity expansion for future growth, the moves are being made to reduce long-term delivered cost while taking into account the environmental footprint of the products being sold to customers.