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

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

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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 CET

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
01/19 INGREDION : To release 2016 fourth-quarter and full-year financial results and h..
01/19 INGREDION : To release 2016 fourth-quarter and full-year financial results and h..
01/03 INGREDION : Completes acquisition of tic gums
2016 INGREDION INC : ex-dividend day
2016 INGREDION : To acquire tic gums; expands ingredion's customer base, specialty po..
2016 INGREDION : Trademark Application for "HI FLO" Filed by Ingredion Incorporated
2016 INGREDION INCORPORATED : 's Trademark Application for "N-LOK" Filed
2016 INGREDION : Trademark Application for "PURITY GUM" Filed by Ingredion Incorporat..
2016 INGREDION INC : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year,..
2016 INGREDION : Incorporated declares quarterly dividend of $0.50 per share
More news
Sector news : Food Processing - NEC
01/20 Factbox - How Britain's retailers fared over Christmas
01/19DJVegemite Is Sold Along With Other Brands to Bega Cheese
01/18 Premier Foods cuts profit forecast, shares tumble
01/18 European shares retreat as Pearson plummets
01/17 European shares steady as banks turns positive after May speech
More sector news : Food Processing - NEC
Advertisement
Financials ($)
Sales 2016 5 718 M
EBIT 2016 834 M
Net income 2016 508 M
Debt 2016 1 189 M
Yield 2016 1,50%
P/E ratio 2016 18,44
P/E ratio 2017 16,85
EV / Sales 2016 1,81x
EV / Sales 2017 1,73x
Capitalization 9 160 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 136 $
Spread / Average Target 7,4%
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..9 160
NESTLE SA0.41%227 635
KRAFT HEINZ CO1.69%108 094
MONDELEZ INTERNATIONAL..1.20%69 282
DANONE-1.91%41 595
GENERAL MILLS, INC.0.57%36 030
More Results