Corn Products International
Encyclopedia
Corn Products International, Inc. is an Illinois-based refiner and processor of corn
-based food additives and sweeteners. It operates factories in 15 countries.
, Corn Products International is a leading supplier of starch
es, sweeteners and other ingredients. Corn Products is the world’s largest producer of dextrose and a leading regional manufacturer of starches, syrup
s and glucose. The company provides a wide variety of ingredients to customers in more than 60 industries, including the food, beverage, pharmaceutical, animal feed, corrugating, paper and textile sectors.
The Company’s North America region includes businesses in Canada, Mexico and the United States. South American operations span Argentina, Brazil, Chile, Colombia, Ecuador, Peru and Uruguay. In Asia and Africa, the Company operates in China, Kenya, Pakistan, South Korea, Thailand, Malaysia and South Africa.
The company, once known as Corn Products Refining Co. and later on as CPC, supplied the raw materials for Argo cornstarch and Mazola corn oil
.
From 1919 till 1987 CPC International owned starch factories in Europe. The factories were sold to the french sugar manufacturer Béghin-Say and renamed Cerestar. Cerestar was acquired in 2002 by Cargill
.
In 1981 CPC formed a partnership with Texaco
till 1995 to produce bioethanol at a plant in Pekin, Illinois
. In 1995 the plant was sold to Williams Companies
and in 2003 continued as Aventine Renewable Energy
.
From 1958 to 1997, Bestfoods
was part of the company, known for their brands Maizena, Knorr, Hellmann's and Bestfood mayonaise, Skippy peanut butter.
In 1997, the company was split in packaged-food company Bestfoods and starch company Corn Products International.
Corn Products International is a Fortune 1000 Company.
On October, 1 2010, the CPI acquired National Starch of Dutch paints firm AkzoNobel for $1.3 billion in cash, while also assuming an undisclosed amount of pension and employee benefit liabilities.
The combined company employs approximately 10,000 people in North America, South America, Europe, the Middle East, Africa and Asia-Pacific. It operates 37 manufacturing facilities in 15 countries; has sales offices in 29 countries, and has research and ingredient development centers in key global markets.
Corn
Corn is the name used in the United States, Canada, and Australia for the grain maize.In much of the English-speaking world, the term "corn" is a generic term for cereal crops, such as* Barley* Oats* Wheat* Rye- Places :...
-based food additives and sweeteners. It operates factories in 15 countries.
Company
Headquartered in the Chicago suburb of Westchester, IllinoisWestchester, Illinois
Westchester is a village in Cook County, Illinois, United States. It is a western suburb of Chicago. The population was 16,824 at the 2000 census. The current Village President is Sam D...
, Corn Products International is a leading supplier of starch
Starch
Starch or amylum is a carbohydrate consisting of a large number of glucose units joined together by glycosidic bonds. This polysaccharide is produced by all green plants as an energy store...
es, sweeteners and other ingredients. Corn Products is the world’s largest producer of dextrose and a leading regional manufacturer of starches, syrup
Corn syrup
Corn syrup is a food syrup, which is made from the starch of maize and contains varying amounts of maltose and higher oligosaccharides, depending on the grade. Corn syrup is used in foods to soften texture, add volume, prevent crystallization of sugar, and enhance flavor...
s and glucose. The company provides a wide variety of ingredients to customers in more than 60 industries, including the food, beverage, pharmaceutical, animal feed, corrugating, paper and textile sectors.
The Company’s North America region includes businesses in Canada, Mexico and the United States. South American operations span Argentina, Brazil, Chile, Colombia, Ecuador, Peru and Uruguay. In Asia and Africa, the Company operates in China, Kenya, Pakistan, South Korea, Thailand, Malaysia and South Africa.
The company, once known as Corn Products Refining Co. and later on as CPC, supplied the raw materials for Argo cornstarch and Mazola corn oil
Corn oil
Corn oil is oil extracted from the germ of corn . Its main use is in cooking, where its high smoke point makes refined corn oil a valuable frying oil. It is also a key ingredient in some margarines. Corn oil is generally less expensive than most other types of vegetable oils. One bushel of corn...
.
From 1919 till 1987 CPC International owned starch factories in Europe. The factories were sold to the french sugar manufacturer Béghin-Say and renamed Cerestar. Cerestar was acquired in 2002 by Cargill
Cargill
Cargill, Incorporated is a privately held, multinational corporation based in Minnetonka, Minnesota. Founded in 1865, it is now the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2011, number 13 on the Fortune 500,...
.
In 1981 CPC formed a partnership with Texaco
Texaco
Texaco is the name of an American oil retail brand. Its flagship product is its fuel "Texaco with Techron". It also owns the Havoline motor oil brand....
till 1995 to produce bioethanol at a plant in Pekin, Illinois
Pekin, Illinois
Pekin is a the county seat of Tazewell County in the U.S. state of Illinois. Located on the Illinois River, Pekin is also the largest city of Tazewell County, and a key part of the Peoria metropolitan area. As of the 2010 census, its population is 34,094. A small portion of the city limits extends...
. In 1995 the plant was sold to Williams Companies
Williams Companies
The Williams Companies, Inc. is an energy company based in Tulsa, Oklahoma. Its core business is natural gas exploration, production, processing, and transportation, with additional petroleum and electricity generation assets...
and in 2003 continued as Aventine Renewable Energy
Aventine Renewable Energy
Aventine Renewable Energy is a bioethanol and biodiesel company based in Pekin, Illinois that produces and markets these biofuels.In 2006, it produced almost of fuel in the United States...
.
From 1958 to 1997, Bestfoods
Hellmann's and Best Foods
Hellmann's and Best Foods are brand names that are used for the same line of mayonnaise and other food products. The Hellmann's brand is sold in the United States east of the Rocky Mountains, and also in Latin America, Europe, Middle East and Canada...
was part of the company, known for their brands Maizena, Knorr, Hellmann's and Bestfood mayonaise, Skippy peanut butter.
In 1997, the company was split in packaged-food company Bestfoods and starch company Corn Products International.
Corn Products International is a Fortune 1000 Company.
On October, 1 2010, the CPI acquired National Starch of Dutch paints firm AkzoNobel for $1.3 billion in cash, while also assuming an undisclosed amount of pension and employee benefit liabilities.
The combined company employs approximately 10,000 people in North America, South America, Europe, the Middle East, Africa and Asia-Pacific. It operates 37 manufacturing facilities in 15 countries; has sales offices in 29 countries, and has research and ingredient development centers in key global markets.