Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Delayed Quote. Delayed  - 10/27 10:02:01 pm
129.2 USD   -0.35%
10/27 INGREDION : laying off nine, citing reduced demand
10/03 INGREDION : To release 2016 third quarter financial results and hold..
10/02 INGREDION : From frozen corn to fries, processors flock to Tri-Citie..
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Ingredion : laying off nine, citing reduced demand

share with twitter share with LinkedIn share with facebook
share via e-mail
10/27/2016 | 02:15am CEST

Oct. 26--CEDAR RAPIDS -- Ingredion will lay off nine employees at its southwest Cedar Rapids plant on Nov. 15 due to a sharp reduction in the manufacture of starch products.

Claire Regan, a spokeswoman for the Winchester, Ill., company, said the plant at 1001 First St. SW will continue to employ 216 to produce food and industrial specialty starches.

"After careful consideration, we are reducing the production of starches used to make paper by about 50 percent," Regan said Wednesday. "This is no reflection on any of the employees. It's a result of declining demand for these types of products."

Ingredion has been engaged in a contract dispute with Bakery, Confectionery, Tobacco Workers and Grain Millers Union Local 100G, which represents 158 workers at the plant. Ninety-five percent of the union members voted in August 2015 to reject the company's last contract offer but have continued to work at the plant.

BCTGM Local 100G filed a complaint in late 2015 with the National Labor Relations Board claiming multiple violations of the National Labor Relations Act. The NLRB in January 2016 found "sufficient evidence" to issue a complaint against the company.

Ingredion, which acquired the Cedar Rapids plant when it bought Penford Products in March 2015 for $340 million, will report its third-quarter earnings and sales on Nov. 2.

Your next Business articles

Inside the iHome

$1.5 million fund being created to pay b ...

Dry weather aids corn, soybean harvest


(c)2016 The Gazette (Cedar Rapids, Iowa)

Visit The Gazette (Cedar Rapids, Iowa) at thegazette.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on INGREDION INC
10/27 INGREDION : laying off nine, citing reduced demand
10/17 INGREDION INC : Entry into a Material Definitive Agreement, Termination of a Mat..
10/03 INGREDION : To release 2016 third quarter financial results and hold conference ..
10/02 INGREDION : From frozen corn to fries, processors flock to Tri-Cities
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
More news
Sector news : Food Processing - NEC
10/27 Activist investor Oasis Management raises stake in Premier Foods
10/26DJMondelez Results Top Expectations--Update
10/26DJMondelez Results Top Expectations; Food Company Raises Its Guidance
10/21DJINDOFOOD SUKSES MAKMUR TBK PT : China Minzhong Food's Largest Shareholder Approv..
10/20DJNestlé to Miss Its Long-Term Sales Target, Again
More sector news : Food Processing - NEC
News from SeekingAlpha
10/05 AGT Food And Ingredients Still Catching Up
10/03 Forget The iShares Core S&P MidCap ETF, Buy The PowerShares S&P MidCap Low Vo..
09/24 9 DIVIDEND INCREASES : September 19-23, 2016
09/23 Ingredion declares $0.50 dividend
09/16 DIVIDEND CHALLENGERS (AND NEAR-CHALL : 55 Increases Expected In The Next 11 Week..
Financials ($)
Sales 2016 5 728 M
EBIT 2016 814 M
Net income 2016 491 M
Debt 2016 1 085 M
Yield 2016 1,46%
P/E ratio 2016 19,56
P/E ratio 2017 17,66
EV / Sales 2016 1,82x
EV / Sales 2017 1,73x
Capitalization 9 358 M
More Financials
Duration : Period :
Ingredion Inc Technical Analysis Chart | INGR | US4571871023 | 4-Traders
Full-screen chart
Technical analysis trends INGREDION INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 141 $
Spread / Average Target 8,8%
Consensus details
EPS Revisions
More Estimates Revisions
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$)
INGREDION INC35.28%9 358
NESTLE SA-2.88%226 203
KRAFT HEINZ CO21.06%107 251
DANONE0.35%44 715
GENERAL MILLS, INC.5.52%35 980
More Results