FDBusiness.com

Global ingredients company Corn Products International is to change its name to Ingredion pending shareholder approval at its annual meeting in May. The new name better reflects the company’s position as a leading supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage and brewing.

“Ingredion doesn’t represent a change in strategy or a change in the strong business model that we’ve built. It does, however, better reflect the diversity and growth of our product offerings and is more representative of the stronger, more global company we have become,” explains Ilene Gordon, chairman, president and chief executive of Corn Products International. “We have been and will always strive to be an innovative, customer-focused company and our new name and identity support this position.”

Operating 48 plants in 20 countries, Corn Products International employs approximately 10,000 people worldwide. Supplying ingredients to customers in about 50 countries, it is a leading dextrose producer, and one of the world’s largest providers of starches, sweeteners and other ingredients.