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4-Traders Homepage  >  Equities  >  Nyse  >  Ingredion Inc    INGR

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INGREDION : APPLAUDS NEW SUGAR SUSPENSION AGREEMENT

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06/06/2017 | 09:19pm CEST


WESTCHESTER, Ill., June 6, 2017 - Ingredion Incorporated (NYSE: INGR), a leading
global provider of ingredient solutions to diversified industries, announced
today that it applauds the new sugar suspension agreement negotiated by Commerce
Secretary Wilbur Ross.

"Ingredion supports open borders to facilitate sweetener trade. We appreciate
the work of Secretary Ross and Mexico's Economy Minister Guajardo to reach an
agreement on this important issue. Thanks to their cooperation and efforts, the
new agreement protects against unfair trade practices while ultimately
preserving U.S. jobs and cross-border market access," said Jim Zallie, Ingredion
executive vice president and president, Americas.


ABOUT INGREDION
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions
provider. We turn grains, fruits, vegetables and other plant materials into
value-added ingredients and biomaterial solutions for the food, beverage, paper
and corrugating, brewing and other industries. Serving customers in over 100
countries, our ingredients make crackers crunchy, yogurts creamy, candy sweet,
paper stronger and add fiber to nutrition bars. Visit Ingredion.com to learn
more.

                                      ###




CONTACT:

Investors: Heather Kos, 708-551-2592

Media: Claire Regan, 708-551-2602




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    
Source: Ingredion Incorporated via GlobeNewswire

 
  

© InPublic, source US Press Releases

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Financials ($)
Sales 2017 5 986 M
EBIT 2017 886 M
Net income 2017 540 M
Debt 2017 1 234 M
Yield 2017 1,73%
P/E ratio 2017 15,85
P/E ratio 2018 14,43
EV / Sales 2017 1,61x
EV / Sales 2018 1,53x
Capitalization 8 432 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 131 $
Spread / Average Target 11%
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Managers
NameTitle
Ilene S. Gordon Chairman, President & Chief Executive Officer
James D. Gray Chief Financial Officer & Executive Vice President
Barbara A. Klein Independent Director
Gregory B. Kenny Independent Director
Luis Aranguren-Trellez Independent Director
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