Tate & Lyle PLC, the maker of Splenda, announced Tuesday that it will open a $26 million innovation center in Hoffman Estates. The company plans to relocate about 80 employees from Decatur to Hoffman Estates, where an additional 80 jobs will be created. Get the full story »
Tate & Lyle
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Corn syrup makers want sweeter name: Corn sugar
The makers of high fructose corn syrup want to sweeten up its image with a new name: corn sugar. The bid to rename the sweetener by the Corn Refiners Association comes as Americans’ concerns about health and obesity have sent consumption of high fructose corn syrup to a 20-year low.
The group plans to apply Tuesday to the Food and Drug Administration to get “corn sugar” approved as an alternative name for food labels. Get the full story »
Tate & Lyle sells EU sugar operations
Britain’s Tate & Lyle, which has several facilities in Illinois, is selling its European sugar operations to American Sugar Refining for 211 million pounds, breaking a 150-year link to sugar in favour of low-calorie sweeteners offering faster growth. The privately-owned U.S. group is buying Tate’s sugar and Golden Syrup business with a perpetual licence to use the Tate & Lyle name, while Tate said on Thursday it will focus on its sweeteners such as Splenda and its industrial starches. Get the full story »
