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Ingredion Invests $50 Million in Cedar Rapids, Iowa Facility to Expand Specialty Industrial Starch Capacity for Packaging and Papermaking Industries
INGRIngredion(INGR) Newsfilter·2025-02-28 04:53

Company Overview - Ingredion Incorporated is a leading global provider of ingredient solutions, serving customers in over 120 countries with annual net sales of approximately 7.4billionin2024[3]−Thecompanyspecializesinturninggrains,fruits,vegetables,andotherplant−basedmaterialsintovalue−addedingredientsolutionsforvariousmarkets,includingfood,beverage,animalnutrition,brewing,andindustrialapplications[3]−IngredionoperatesinnovationcentersknownasIngredionIdeaLabs®andemploysmorethan11,000peopleglobally[3]InvestmentandExpansion−Ingredionannounceda7.4 billion in 2024 [3] - The company specializes in turning grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for various markets, including food, beverage, animal nutrition, brewing, and industrial applications [3] - Ingredion operates innovation centers known as Ingredion Idea Labs® and employs more than 11,000 people globally [3] Investment and Expansion - Ingredion announced a 50 million investment to modernize and expand its Cedar Rapids, Iowa facility, focusing on the production of industrial starches for the packaging and papermaking industries [1][2] - The investment aims to increase capacity and improve production efficiency, positioning Ingredion to better serve the growing demand for functional solutions that meet stringent requirements for strength, biodegradability, and recyclability [2] Market Demand and Commitment - There is a rising demand for stronger natural polymer-based food packaging and functional solutions in the containerboard and papermaking sectors [2] - Ingredion is committed to supporting these industries as they adapt to changing consumer and environmental requirements, contributing to the circular economy of the paper and packaging industries [2]