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4-Traders Homepage  >  Equities  >  Nyse  >  Corn Products International, Inc.    INGR

CORN PRODUCTS INTERNATIONAL, INC. (INGR)
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CORN PRDTS USD0.01 : Corn Products International Receives $58.4 Million Related to NAFTA Tribunal Judgment

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01/26/2011 | 03:15pm CEST

Corn Products International, Inc. (NYSE: CPO), a leading global provider of ingredient solutions to diversified industries, received payments totaling US$58.4 million on January 25, 2011, from the Government of the United Mexican States pursuant to an award rendered in its favor by a North American Free Trade Agreement (NAFTA) Chapter 11 Tribunal in 2009.

The award was the result of a claim Corn Products submitted to arbitration in 2003 under the investment protection provisions of NAFTA arising out of a tax Mexico had imposed on beverages sweetened with high fructose corn syrup. In 2008 the NAFTA Tribunal found that the tax violated NAFTA's national treatment provisions by discriminating in favor of domestic producers of cane sugar.

Mexico made this payment pursuant to an agreement with Corn Products International that provides for terminating pending post-award litigation and waiving post-award interest.

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. For more information, visit www.cornproducts.com.

Corn Products International, Inc.
Investors: Aaron Hoffman, (708) 551-2592
Media: Mark Lindley, (708) 551-2602


© Business Wire 2011
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Financials ($)
Sales 2018 5 989 M
EBIT 2018 889 M
Net income 2018 584 M
Debt 2018 1 184 M
Yield 2018 2,09%
P/E ratio 2018 14,31
P/E ratio 2019 13,08
EV / Sales 2018 1,57x
EV / Sales 2019 1,47x
Capitalization 8 210 M
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 130 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
James P. Zallie President, Chief Executive Officer & Director
Ilene S. Gordon Executive Chairman
James D. Gray Chief Financial Officer & Executive Vice President
Robert J. Stefansic Chief Supply Chain Officer
Barbara A. Klein Independent Director
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