Ingredion Completes Acquisition Of Chinese Starch Manufacturer

  • Wednesday, 30 November 2016 12:18
  • Published in Business News
  • Read 461 times

Initially reported earlier this year, Ingredion has now successfully completed the acquisition of Shandong Huanong Specialty Corn Development Company Limited in China.

“This acquisition will vertically integrate our manufacturing base for specialty ingredients. In addition to reducing costs, it gives us more control of the supply chain, with added food safety and sustainability benefits. The facility is strategically located in an ideal growing area for the specialty grains used to make our ingredients. And, it provides a base for expansion to accommodate future growth,” explained Jorgen Kokke, Ingredion president of Asia Pacific and EMEA.

The acquisition of Shandong Huanong, located in Shandong Province, adds a second manufacturing facility to Ingredion’s operations in China. It will produce starch raw material for the company’s plant in Shanghai, which makes value-added ingredients for the food industry.

APFI About Us

Asia Pacific Food Industry (APFI) is Asia’s leading trade magazine for the food and beverage industry. Established in 1985, APFI is the first BPA-audited magazine and the publication of choice for professionals throughout the industry with its editorial coverage on the latest research, innovative technologies, health and nutrition trends, and market reports.

Asia Pacific Food Industry is published by Eastern Trade Media Pte Ltd. The company owns numerous trade and consumer titles, including Asia Pacific Metalworking Equipment News and Industrial Automation Asia.

Ebook

View Now