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WESTCHESTER, Ill., May 8, 2012 - (ACN Newswire) - Corn Products International, Inc. (NYSE: CPO), a leading global provider of ingredient solutions to diversified industries, has been named to the FORTUNE 500. The annual ranking of America's largest corporations was released today by FORTUNE magazine.
With 2011 net sales of $6.2 billion, Corn Products ranked number 390 out of the 500 corporations on the FORTUNE 500. This is the company's first year on the list.
"We are excited to be on the Fortune 500 list. It recognizes our long history of consistent growth and effective strategy," said Ilene Gordon, chairman, chief executive officer and president. "We have generated both top and bottom line growth during our history as a public company while also delivering significant cash flow. As a result of our performance, we have seen meaningful shareholder value creation and that remains our driving goal."
The ranking is based on total annual revenues of companies that are incorporated and operate in the U.S. and file financial statements with a government agency. It appears in the latest issue of FORTUNE magazine and on FORTUNE.com/500.
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 .
CONTACT INFORMATION
Investors: Aaron Hoffman, +1-708-551-2592
Media: Claire Regan, +1-708-551-2602
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
Copyright (c) Thomson Reuters 2012. All rights reserved.
Topic: Press release summary
Source: Ingredion Incorporated
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From the Asia Corporate News Network
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