Ingredion Invests $50 Million in Cedar Rapids, Iowa Facility to Expand Specialty Industrial Starch Capacity for Packaging and Papermaking Industries

Rhea-AI Summary

Ingredion (NYSE: INGR) has announced a $50 million investment to modernize and expand its Cedar Rapids, Iowa facility's production capacity for industrial starches serving the packaging and papermaking industries. The investment aims to meet growing demand for functional solutions that deliver enhanced strength, biodegradability, and recyclability in containerboard and papermaking applications.

The expansion will enable Ingredion to better support industries adapting to changing consumer and environmental requirements, particularly in stronger natural polymer-based food packaging. The company reported 2024 annual net sales of $7.4 billion and operates globally with more than 11,000 employees, serving customers across 120+ countries through its Ingredion Idea Labs® innovation centers.

Positive

• $50M strategic investment in facility modernization
• Expansion into growing specialty industrial starch market
• Strong 2024 revenue of $7.4B
• Enhanced production capacity and efficiency

Negative

• None.

News Market Reaction – INGR

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+0.30% News Effect

On the day this news was published, INGR gained 0.30%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WESTCHESTER, Ill., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions for food, beverage and industrial applications, announced today a $50 million investment in its Cedar Rapids, Iowa facility to modernize and expand the production of industrial starches for the packaging and papermaking industries.

“Demand is growing for functional solutions that deliver against more stringent requirements for strength, biodegradability and recyclability across both containerboard and papermaking,” said Rob Ritchie, senior vice president, food and industrial ingredients, LATAM and US/Canada. “Ingredion is committed to supporting these industries as they adapt and innovate to meet a variety of changing consumer and environmental requirements, such as the need for stronger natural polymer-based food packaging. With increased capacity and more efficient production at the Cedar Rapids facility, Ingredion will be well-positioned to deliver differentiated value to this growing market.”

Ingredion is a recognized leader in providing performance-based specialty ingredients that contribute to the circular economy of the paper and packaging industries.

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 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.

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

FAQ

How much is Ingredion investing in its Cedar Rapids facility expansion for specialty industrial starches?

Ingredion (INGR) is investing $50 million to modernize and expand industrial starch production at its Cedar Rapids, Iowa facility.

What is the purpose of INGR's Cedar Rapids facility investment in 2025?

The investment aims to expand production capacity for industrial starches used in packaging and papermaking, focusing on enhanced strength, biodegradability, and recyclability requirements.

What were Ingredion's (INGR) annual net sales in 2024?

Ingredion reported annual net sales of approximately $7.4 billion in 2024.

How will the Cedar Rapids expansion benefit INGR's market position?

The expansion will position Ingredion to deliver differentiated value in the growing market for specialty industrial starches, particularly in natural polymer-based food packaging.