Ingredion Incorporated is an American multinational ingredient provider based in Westchester, Illinois producing mainly starch, modified starches and starch sugars as glucose syrup and high fructose syrup.
The company turns corn, tapioca, potatoes, and other vegetables and fruits into ingredients for the food, beverage, brewing, and pharmaceutical industries and numerous industrial sectors. It has more than 11,000 employees around the world in 44 locations, and customers in more than 60 markets in over 40 countries.
The company, which began as Corn Products Refining Co. and later as "CPC," was founded by the merger of leading US corn refiners in 1906. The company was incorporated in New Jersey. It supplied the raw materials for Argo cornstarch and Mazola corn oil.
In 1981, CPC formed a partnership with Texaco 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. The company has a facility in nearby Mapleton, Illinois, along U.S. Route 24, which is part of an industrial area, a major area employer.
CPC acquired starch factories in Europe from 1919 until 1987 when they were sold for $600 million to the Italian French sugar manufacture Eridania Béghin-Say owned by Ferruzzi and renamed Cerestar. Cerestar is sold in 2002 to Cargill for $1.14 billion having a turnover of $1.56 billion in 2000.
Highest paying job titles at Ingredion Incorporated include Senior R&D Engineer, Business Development Manager, and Financial Analyst