Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CORN PRDTS USD0.01 : Corn Products International Receives $58.4 Million Related to NAFTA Tribunal Judgment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CORN PRODUCTS INTERNATIONA
09/29 INGREDION INC : ex-dividend day
09/22 INGREDION INC : Creation of a Direct Financial Obligation or an Obligation under..
09/21 INGREDION : Incorporated declares quarterly dividend of $0.50 per share - an inc..
09/16 INGREDION : Incorporated announces $500 million senior note offering and subsequ..
09/08 Global Stevia Market-Cargill, EvolvaHolding S.A.,Ingredion, GLG Life Tech Cor..
08/17 INGREDION : To acquire rice starch & flour business in thailand
08/04 INGREDION : Trademark Application for "CORN PRODUCTS INTERNATIONAL, INC." Filed ..
07/29 INGREDION : Management's discussion and analysis of financial condition and resu..
07/28 INGREDION : posts 2Q profit
07/28 INGREDION INC : Results of Operations and Financial Condition, Financial Stateme..
More news
Sector news : Food Processing - NEC
09/29DJU.S. HOT STOCKS : Hot Stocks to Watch
09/29DJConAgra Revenue Slips as Spinoff Remains On Target
09/28DJWELLS FARGO : CEO Isn't Out of Danger Despite Pay Clawback
09/27DJTYSON FOODS : Pulling Some Chicken Nuggets Off Market
09/27DJBusiness Watch -- WSJ
More sector news : Food Processing - NEC
Advertisement
Financials ($)
Sales 2016 5 726 M
EBIT 2016 813 M
Net income 2016 491 M
Debt 2016 1 075 M
Yield 2016 1,44%
P/E ratio 2016 19,69
P/E ratio 2017 17,78
EV / Sales 2016 1,83x
EV / Sales 2017 1,74x
Capitalization 9 423 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 140 $
Spread / Average Target 7,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ilene S. Gordon Chairman, President & Chief Executive Officer
Jack C. Fortnum Chief Financial Officer & Executive Vice President
Barbara A. Klein Independent Director
Gregory B. Kenny Independent Director
Luis Aranguren-Trellez Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CORN PRODUCTS INTERNAT..9 423
NESTLE SA2.08%246 770
KRAFT HEINZ CO23.08%109 041
MONDELEZ INTERNATIONAL..-3.21%67 510
DANONE5.88%48 556
GENERAL MILLS, INC.11.13%37 896
More Results