Corn Products International


Corn Products International
Corn Products International, Inc.
Type Public NYSECPO
Industry food, beverage, pharmaceutical, animal feed, corrugating, paper, textile, Health & Wellness
Founded 1906 (1906)
Headquarters Westchester, Illinois, USA
Key people Ilene S. Gordon, Chairman, President and CEO
Products sweeteners, starches, syrups, glucose
Revenue $3.94b (2008)
Employees 7,800
Website www.cornproducts.com

Corn Products International, Inc. is an Illinois-based refiner and processor of corn-based food additives and sweeteners. It operates factories in 15 countries.[1]

Company

Headquartered in the Chicago suburb of Westchester, Illinois, Corn Products International is a leading supplier of starches, sweeteners and other ingredients. Corn Products is the world’s largest producer of dextrose and a leading regional manufacturer of starches, syrups and glucose. The company provides a wide variety of ingredients to customers in more than 60 industries, including the food, beverage, pharmaceutical, animal feed, corrugating, paper and textile sectors.

The Company’s North America region includes businesses in Canada, Mexico and the United States. South American operations span Argentina, Brazil, Chile, Colombia, Ecuador, Peru and Uruguay. In Asia and Africa, the Company operates in China, Kenya, Pakistan, South Korea, Thailand, Malaysia and South Africa.

The company, once known as Corn Products Refining Co. and later on as CPC, supplied the raw materials for Argo cornstarch and Mazola corn oil.[2]

From 1919 till 1987 CPC International owned starch factories in Europe. The factories were sold to the french sugar manufacturer Béghin-Say and renamed Cerestar. [3] Cerestar was acquired in 2002 by Cargill.

In 1981 CPC formed a partnership with Texaco till 1995 to produce bioethanol at a plant in Pekin, Illinois. In 1995 the plant was sold to Williams Companies and in 2003 continued as Aventine Renewable Energy.

From 1958 to 1997, Bestfoods was part of the company, known for their brands Maizena, Knorr, Hellmann's and Bestfood mayonaise, Skippy peanut butter. [4]

In 1997, the company was split in packaged-food company Bestfoods and starch company Corn Products International. Corn Products International is a Fortune 1000 Company.

On October, 1 2010, the CPI acquired National Starch of Dutch paints firm AkzoNobel for $1.3 billion in cash, while also assuming an undisclosed amount of pension and employee benefit liabilities.

The combined company employs approximately 10,000 people in North America, South America, Europe, the Middle East, Africa and Asia-Pacific. It operates 37 manufacturing facilities in 15 countries; has sales offices in 29 countries, and has research and ingredient development centers in key global markets. [5]

References



Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Corn Refiners Association — The Corn Refiners Association (CRA) is a trade association based in Washington, DC and representing the corn refining industry in the United States. Corn refining encompasses the production of corn starch, corn oil, and high fructose corn syrup… …   Wikipedia

  • International availability of McDonald's products — McDonald s Corporation is the world s largest chain of hamburger fast food restaurants, serving more than 58 million customers daily in 119 countries.[1][2] In addition to its signature restaurant chain, McDonald’s Corporation held a minority… …   Wikipedia

  • International Harvester — For the song by Craig Morgan, see International Harvester (song). For the Swedish progg band, see Träd, Gräs Stenar. International Harvester Company Industry Agricultural, Automotive Successor Navistar International Corporation …   Wikipedia

  • Corn oil — Corn oil, in a 5 liter plastic bottle Corn oil, plastic jugs in cardboard boxes, 33 lbs …   Wikipedia

  • Corn nut — Corn nuts Corn nuts, also known as toasted corn or corn bits, is a snack food made of roasted or deep fried corn kernels. Contents 1 …   Wikipedia

  • Corn syrup — on a black surface Corn syrup is a food syrup, which is made from the starch of maize and contains varying amounts of maltose and higher oligosaccharides, depending on the grade. Corn syrup is used in foods to soften texture, add volume, prevent… …   Wikipedia

  • Corn ethanol — Corn is the main feedstock for the production of ethanol fuel in the U.S. See also: Ethanol fuel in the United States Corn ethanol is ethanol produced from corn as a biomass through industrial fermentation, chemical processing and distillation.… …   Wikipedia

  • Corn starch — Corn starch, cornstarch, cornflour or maize starch is the starch of the corn (maize) grain obtained from the endosperm of the corn kernel. Contents 1 History 2 Use 3 Manufacture …   Wikipedia

  • International trade of genetically modified foods — The European Union and the United States have strong disagreements over the EU s regulation of genetically modified food. The US claims these regulations violate free trade agreements, the EU counter position is that free trade is not truly free… …   Wikipedia

  • International availability of Fanta — Fanta is a global brand of fruit flavoured soda from the Coca Cola Company. There are over 70 flavours world wide; however, most of them are only available by region in some countries.Flag|Albania* Portokall (Orange) * Limon (Lemon) * Exotic *… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.