Corn Products International Inc., which refines corn for use in food and industrial products, said Tuesday it plans to invest $75 million to $100 million over the next several years in its Brazilian business. Get the full story »
Corn Products International
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Charges trip 3Q results at Corn Products International
Corn Products International Inc.’s third-quarter profit dropped 30 percent on acquisition costs, but the company reported strong volume growth across all regions and said earnings are soaring at its new specialty starches business.
The Westchester-based grain processor also raised its current-year earnings forecast to $2.75 to $2.85 a share from $2.55 to $2.75 a share, citing its strong performance. Get the full story »
Corn Products International posts higher Q2 profit
Corn Products International Inc. posted a higher-than-expected quarterly profit, helped by strong volume growth, and raised its 2010 profit outlook.
The company expects a full-year profit of $2.55 to $2.75 per share, compared with its earlier estimate of $2.25 to $2.60 a share. Get the full story »
Corn Products Intl. enters Fortune 500 territory
Illinois is getting another Fortune 500 company, and the Fortune 500 is getting another woman chief executive.
Dutch paintmaker Akzo Nobel NV said Monday it has agreed to sell its National Starch unit to Westchester-based Corn Products International for about $1.3 billion. National Starch had 2009 revenue of $1.2 billion, 2,250 employees and operates plants in eight countries. Corn Products had annual revenues of $3.67 billion in 2009.
“The acquisition of National Starch represents an exceptional opportunity for Corn Products International and a significant step forward toward achieving our strategic goals,” said CEO Ilene Gordon.
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