Ingredion gets closer to texturizer capacity expansion
The ingredients maker has secured part of the investment to complete the project.
Ingredion Inc., a maker of ingredient products for food and beverage manufacturers, has announced the completion of one-third of its $160 million in capital investments to significantly expand capacity for a range of modified and clean label specialty starches across its global supply chain.
At the company’s June Investor Day, its leadership team announced $160 million in capital investments through 2024 to selectively expand and increasingly localize its production capacity to meet customers’ growing demands for specialty starches that provide texture for taste along with formulating and label-friendly options for food and beverages. In September, the company also announced that it had opened a state-of-the-art manufacturing facility in Shandong, China, which more than doubles its starch production capacity and capabilities in the country.