Ingredion announces $50M investment in Cedar Rapids facility

Ingredion (INGR) announced a $50M investment in its Cedar Rapids, Iowa facility to modernize and expand the production of industrial starches for the packaging and papermaking industries. “Demand is growing for functional solutions that deliver against more stringent requirements for strength, biodegradability and recyclability across both containerboard and papermaking,” said Rob Ritchie, senior vice president, food and industrial ingredients, LATAM and US/Canada. “Ingredion is committed to supporting these industries as they adapt and innovate to meet a variety of changing consumer and environmental requirements, such as the need for stronger natural polymer-based food packaging. With increased capacity and more efficient production at the Cedar Rapids facility, Ingredion will be well-positioned to deliver differentiated value to this growing market.”