CORN PRODUCTS INTERNATIONAL PRESENTS AT CITI-DEUTSCHE BANK CONSUMER STAPLES FIELD TRIP IN MEXICO CITY
(Thomson Reuters ONE) -
WESTCHESTER, Ill., March 7, 2012 - Today, Corn Products International, Inc.
(NYSE: CPO), a leading global provider of ingredient solutions to diversified
industries, presented at the Citi-Deutsche Bank Consumer Staples Field trip in
Mexico City on Wednesday, March 7, 2012.
The Corn Products International presentation was delivered by Cheryl Beebe,
executive vice president and chief financial officer, and Jack Fortnum,
executive vice president and president, global beverage, industrial and North
America sweetener solutions. The executives discussed the Company's overall
business strategy and model as well as details about its North American
business. During the presentation, Beebe confirmed the Company's previously
issued full year guidance.
A replay of the presentation is available in the "Investor Relations" section of
the Company's Website, www.cornproducts.com.
About the Company
Corn Products International, Inc. is a leading global ingredient provider to the
food, beverage, brewing and pharmaceutical industries as well as numerous
industrial sectors. The Company produces ingredients that provide valuable
solutions to customers in approximately 50 countries. Corn Products recently
announced that it intends to change its name to Ingredion pending shareholder
approval at its annual meeting in May. The new name better reflects the
company's position as a leading ingredient supplier to a range of industries.
For more information, visit www.cornproducts.com.
Forward-Looking Statements
This news release contains or may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The Company intends
these forward-looking statements to be covered by the safe harbor provisions for
such statements.
These statements include, among other things, any predictions regarding the
Company's prospects or future financial condition, earnings, revenues, tax
rates, capital expenditures, expenses or other financial items, any statements
concerning the Company's prospects or future operations, including management's
plans or strategies and objectives therefor and any assumptions, expectations or
beliefs underlying the foregoing.
These statements can sometimes be identified by the use of forward looking words
such as "may," "will," "should," "anticipate," "believe," "plan," "project,"
"estimate," "expect," "intend," "continue," "pro forma," "forecast" or other
similar expressions or the negative thereof. All statements other than
statements of historical facts in this release or referred to in this release
are "forward-looking statements."
These statements are based on current expectations, but are subject to certain
inherent risks and uncertainties, many of which are difficult to predict and are
beyond our control. Although we believe our expectations reflected in these
forward-looking statements are based on reasonable assumptions, stockholders are
cautioned that no assurance can be given that our expectations will prove
correct.
Actual results and developments may differ materially from the expectations
expressed in or implied by these statements, based on various factors, including
the effects of global economic conditions and their impact on our sales volumes
and pricing of our products, our ability to collect our receivables from
customers and our ability to raise funds at reasonable rates; fluctuations in
worldwide markets for corn and other commodities, and the associated risks of
hedging against such fluctuations; fluctuations in the markets and prices for
our co-products, particularly corn oil; fluctuations in aggregate industry
supply and market demand; the behavior of financial markets, including foreign
currency fluctuations and fluctuations in interest and exchange rates; continued
volatility and turmoil in the capital markets; the commercial and consumer
credit environment; general political, economic, business, market and weather
conditions in the various geographic regions and countries in which we
manufacture and/or sell our products; future financial performance of major
industries which we serve, including, without limitation, the food and beverage,
pharmaceuticals, paper, corrugated, textile and brewing industries; energy costs
and availability, freight and shipping costs, and changes in regulatory controls
regarding quotas, tariffs, duties, taxes and income tax rates; operating
difficulties; availability of raw materials, including tapioca and the specific
varieties of corn upon which our products are based; energy issues in Pakistan;
boiler reliability; our ability to effectively integrate and operate acquired
businesses, including National Starch; our ability to achieve budgets and to
realize expected synergies; our ability to complete planned maintenance and
investment projects successfully and on budget; labor disputes; genetic and
biotechnology issues; changing consumption preferences including those relating
to high fructose corn syrup; increased competitive and/or customer pressure in
the corn-refining industry; and the outbreak or continuation of serious
communicable disease or hostilities including acts of terrorism.
Our forward-looking statements speak only as of the date on which they are made
and we do not undertake any obligation to update any forward-looking statement
to reflect events or circumstances after the date of the statement as a result
of new information or future events or developments. If we do update or correct
one or more of these statements, investors and others should not conclude that
we will make additional updates or corrections. For a further description of
these and other risks, see "Risk Factors" included in our Annual Report on Form
10-K for the year ended December 31, 2011 and subsequent reports on Forms 10-Q
or 8-K.
INVESTORS AND MEDIA CONTACT:
Aaron Hoffman, 708-551-2592
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Corn Products International, Inc via Thomson Reuters ONE
[HUG#1592264]
Unternehmensinformation / Kurzprofil:
Datum: 07.03.2012 - 22:36 Uhr
Sprache: Deutsch
News-ID 122943
Anzahl Zeichen: 7206
contact information:
Town:
Westchester, Illinois
Kategorie:
Business News
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