Ingredion invests $100m (£61m) to fill ingredient demands

Global ingredients supplier Ingredion will invest around $100m (£61m) in increasing its manufacturing capacity for speciality ingredients. 

This investment has been made in response to the growing demand for higher-value ingredients, according to the company.

Capital investments will be made over the next years, located in North America and Asia-Pacific, where the firm hopes to utilise local crops such as tapioca and rice.

Ilene Gordon, chairman, president and chief executive, said: “There are growing trends towards wholesome products made with authentic ingredients and products designed for convenience. Expanding our capacity will help customers deliver against these trends.”

The announcement of these investment plans are in addition to the ongoing capital expenditures of over $1bn from the company since 2009.

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