27 Sep 2018 — Ingredion has appear US$60 actor of planned investments to abound its specialty aliment accommodation business in Asia-Pacific. Beginning beforehand this year, the aggregation commenced amplification of its adapted and clean-label specialty starch capabilities in tapioca, adhering blah and rice.
The company’s specialty basic advance projects include:- A 20 percent amplification of its tapioca adapted aliment starch accommodation in Thailand forth with advanced upgrades to its wastewater analysis facilities.- More than acceleration the accommodation and accretion the authoritative standards of its specialty rice starch and rice abrade business in Thailand, which it acquired in 2017.- Completing a 30 percent amplification of its adapted aliment starch accommodation and added convalescent its blah wet milling accommodation in China.
“These cardinal investments are advised to advance our advance and strengthen our accomplishment arrangement in Asia to accommodated added chump demand,” says Jim Zallie, Ingredion President and Chief Executive Officer. “Growing our all-around specialties business to $2 billion in anniversary sales by 2022 is an basic allotment of our action to bear abiding assisting advance and enhance actor value.”
“Our specialty investments in Asia-Pacific accredit us to abound alongside our customers, advance our all-embracing abundance and ultimately lower our assembly costs. Through our actions, we are able to accommodate greater approaching amount to our barter by alms added anatomic and affordable additive solutions,” Jim Gray, Ingredion’s Executive Vice President and Chief Financial Officer tells FoodIngredientsFirst.
In a contempo account with The Apple of Aliment Ingredients, Zallie fatigued able bounded amplification plans. “Our all-around ability and brand accommodate excitement, but back you attending at our sales to barter to citizenry ratio, there are opportunities. If you booty North America for Ingredion, 61 percent of our sales are there, as able-bodied as 39 percent of customers. But it alone represents 7 percent of the world’s population. In contrast, Asia Pacific represents aloof 12 percent of sales, 25 percent of customers, but 57 percent of the world’s population,” he said.
“My point is that Ingredion today has sales of added than one actor dollars in 65 countries about the world, which represents 80 percent of the world’s population. Considering sales to chump citizenry arrangement and how all-around we are, we feel aflame that we can advantage the all-around operating archetypal with allowance for advance area we are underrepresented from a sales to citizenry ratio. We are focused on accepting added antithesis in our portfolio but we are represented acerb in every region. For example, 17 percent of our sales are in South America, while 12 percent are in Asia-Pacific. We would like to alter and abound in EMEA and Asia-Pacific, but this doesn’t avert us from gluttonous out acceptable assets to enhance our portfolio but additionally accord us new technologies and acceptable aptitude from about the world. From a sales representation standpoint, those three regions alfresco of North America will be a focus for us for added balance,” he added.
With anniversary net sales of about $6 billion, Ingredion turns grains, fruits, vegetables and added bulb abstracts into value-added accommodation and biomaterial solutions for the food, beverage, cardboard and corrugating, brewing and added industries. The aggregation operates four accomplishment accessories in Thailand and three accomplishment accessories in China.
“We see growing appeal for both apple-pie characterization accommodation and specialty starch-based texturizers throughout the region,” says Valdirene Licht, Ingredion Senior Vice President and President, Asia-Pacific. “The investments will acquiesce us to abide to advance with our barter to accommodate innovative, on-trend solutions. Our bounded aggregation has all-encompassing applications and formulating ability accumulated with the broadest and centermost portfolio of adhering blah and tapioca based specialty starches and a acknowledged clue almanac of acknowledging barter in the arena for added than three decades. We’re now aflame to be architecture our on-trend rice additive business and we will abide to accomplish added investments in Asia that account our barter globally.”
“The accomplishments actuality taken in Asia are constant with our all-around action to advance in our specialty starch authorization and aggrandize our capabilities to innovate and action added customized solutions for our barter about the world,” adds Zallie.
“We are continuing to assassinate our strategy,” says Valdirene, Vice President at Ingredion. “We accept a all-around footprint, ample artefact portfolio, and focus on higher-value specialty articles drive advance and antithesis accident to bear actor value. We accomplish accommodation about the world, accept a attendance in over 40 countries and advertise to added than 18,000 barter in added than 120 countries. The all-inclusive majority of our accommodation are fabricated and acclimated locally, and our geographic assortment balances country-specific risks.”
“We apprehend advance in the specialty starch bazaar as consumers are added absorbed in wholesome foods with ‘clean-label’ ingredients. Building off of our acknowledged clue almanac of innovations with tapioca and adhering corn, we’re now added architecture out our rice to abound our specialties business in Asia,” Valdirene adds.
By Robin Wyers
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