Ingredion Invests $100 Million in Indianapolis Plant to Improve Efficiency and Enable Future Texture Solutions Growth

Rhea-AI Summary

Ingredion (NYSE: INGR) has announced a significant $100 million investment in its Indianapolis facility, focusing on efficiency improvements and modernization. The investment includes upgrading equipment and installing an energy cogeneration system, aimed at expanding the company's texture solutions capabilities for growing end markets.

The project will enhance operational efficiency and reliability while reducing greenhouse gas emissions. The investment supports Ingredion's recent volume growth in texture solutions and will expand capacity for future customer growth. The company expects to complete the project in the second half of 2026.

Positive

• $100 million investment to modernize Indianapolis facility
• Expansion of texture solutions production capacity
• Implementation of energy cogeneration system for improved efficiency
• Recent volume growth in texture solutions segment

Negative

• Significant capital expenditure impacting near-term cash flow
• Extended implementation timeline until H2 2026

WESTCHESTER, Ill., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions for food, beverage and industrial applications, announced investments of more than $100 million to increase efficiency, modernize equipment and also install an energy cogeneration system at its Indianapolis facility.

This project will expand Ingredion’s capabilities for delivering texture innovations to growing end markets while bolstering the economic viability and sustainability of the Indianapolis plant. Furthermore, by upgrading its energy infrastructure, Ingredion will improve operational efficiency and reliability while reducing greenhouse gas emissions.

“As Ingredion has driven volume growth for texture solutions over the past several quarters, these investments will expand our capacity and support future customer growth,” said Valdirene Evans, senior vice president and president, global texture solutions at Ingredion. “Additionally, these investments will enable the Indianapolis plant to continue to lead in supplying the highest quality and most innovative specialty starch-based texturizers for global customers.”

“These investments are a win-win as it helps us modernize and improve our agility in delivering Texture & Healthful Solutions for our customers while also increasing our energy efficiency and improving our cost competitiveness,” said Eric Seip, senior vice president, global operations, and chief supply chain officer.

The project is expected to be completed in the second half of 2026.

ABOUT THE COMPANY
Ingredion Incorporated (NYSE: INGR) headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2024 annual net sales of approximately $7.4 billion, the company turns grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion's Idea Labs^® innovation centers around the world and more than 11,000 employees, the company co-creates with customers and fulfills its purpose of bringing the potential of people, nature, and technology together to make life better. Visit ingredion.com for more information and the latest company news.

CONTACTS:
Investors: Noah Weiss, 773-896-5242
Media: Rick Wion, 708-209-6323

FAQ

What is the size of Ingredion's (INGR) investment in its Indianapolis plant?

Ingredion is investing more than $100 million in its Indianapolis facility.

When will Ingredion's Indianapolis plant modernization project be completed?

The project is expected to be completed in the second half of 2026.

What improvements will INGR's $100M investment bring to the Indianapolis facility?

The investment will increase efficiency, modernize equipment, install an energy cogeneration system, and expand texture solutions capabilities.

How will the Indianapolis plant investment affect INGR's environmental impact?

The investment will reduce greenhouse gas emissions through the implementation of an energy cogeneration system and improved operational efficiency.

What market segment is Ingredion targeting with the Indianapolis plant upgrade?

The investment targets growing end markets for texture solutions and specialty starch-based texturizers.