Ingredion Values

Our company values are part of our long heritage and an important guide to us in our daily operations. A leader in its markets, Ingredion operates with integrity. We treat one another with respect and relentlessly strive for safety, quality, innovation and excellence in everything we do. We work hard to maintain our reputation as a responsible supplier, a good citizen of our communities and a great employer.

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Ingredion one of 104 inaugural members of the Bloomberg Gender Equality Index

The Bloomberg Gender-Equality Index (GEI) is a Bloomberg created reference index that measures gender equality. The index considers internal company statistics, employee policies, external community support and engagement, and gender-conscious product offerings. Bloomberg designed the Bloomberg GEI to reward firms for disclosure as well as to showcase firms that have made strong commitments to gender equality.

WESTCHESTER, Ill., January 22, 2018 - Ingredion Incorporated (INGR), a leading global provider of ingredient solutions to diversified industries today announced that it has been listed on the inaugural 2018 Bloomberg Gender-Equality Index (GEI). Launched today, the reference index measures gender equality across internal company statistics, employee policies, external community support and engagement, and gender-conscious product offerings.

"Championing diversity and inclusion is a global priority for Ingredion and being included on the Bloomberg GEI is an important marker of our progress on our journey," said Jim Zallie, Ingredion CEO. "Diversity and inclusion bring our values to life and enable our growth in this dynamic global economy. There is a compelling value proposition, proven with research and data, that diversity and inclusion lead to improved financial performance, higher levels of innovation and a more talented workforce," he added.

The 2018 GEI includes 104 companies in 24 countries and regions, including firms headquartered in Belgium, Chile, Greece, Ireland, Italy, Singapore and Taiwan. Companies represent 10 sectors, including communications, consumer staples, energy, financials, materials and technology.

"We commend Ingredion and the other 103 companies included in the 2018 GEI for their efforts to create work environments that support gender equality across a diverse range of industries," said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. "Their leadership sets an important example that will help all organizations innovate and navigate the growing demand for diverse and inclusive workplaces."

"As investors continue to seek more information on companies` approaches to environmental, social and governance (ESG) factors, the 2018 Bloomberg Gender-Equality Index allows investors to compare companies` commitments to gender equality across industries," said Kiersten Barnet, Deputy Chief of Staff to the Chairman at Bloomberg. "More data and greater transparency in this space will allow investors to make better-informed decisions and help companies better understand their own progress towards gender equality."

Ingredion submitted a social survey created by Bloomberg in partnership with third-party experts Catalyst, Women`s World Banking, Working Mother Media, National Women`s Law Center, and National Partnership for Women & Families. Those included on this year`s index scored at or above a global threshold established by Bloomberg

Ingredion Named One Of The Most Admired Companies for 9th Year In A Row

WESTCHESTER, Ill., January 19, 2018 - Ingredion Incorporated (NYSE:INGR), a leading global providerof ingredient solutions to diversified industries,has been named one of the World's Most Admired Companies for 2018 by FORTUNE Magazine. The list is a ranking of the world's most respected and reputable companies, as ranked by peers in their industry.

This marks the ninth consecutive year Ingredion has been included on the list; the Company ranks third in the food production category. The list of most admired companies is posted on FORTUNE's website and appears in the February print edition of FORTUNE Magazine, which will be available at newsstands on January 22.

"We are extremely proud to be listed among the world's most admired companies for the ninth year in a row. It's a great honor. We strive to be the company of choice for investors, customers and employees alike, and this recognition acknowledges our efforts," said Jim Zallie, chief executive officer of Ingredion. "We are grateful to all of our stakeholders, especially our employees, for their role and support that enables us to achieve this special recognition and for their contributions to our success," Zallie added.

To determine the best-regarded companies in 52 industries Korn Ferry, FORTUNE's partner, asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed.

Record income in North America buoys Ingredion results

WESTCHESTER, ILL. — Earnings and sales at Ingredion, Inc. posted solid year-over-year gains in fiscal 2017, boosted in part by record operating income in North America. Net income in the year ended Dec. 31, 2017, totaled $519 million, equal to $7.21 per share on the common stock, up 7% from $485 million, or $.670 per share, in fiscal 2016. Net sales increased 2%, climbing to $5,832 million from $5,704 million. The strong financials were driven by record operating income of $661 million in North America, an increase of 8% from $610 million in fiscal 2016. Sales in North America also were higher, increasing 2% to $3,529 million from $3,447 million.

“The TIC Gums integration is further enhancing our texture capabilities and enabling us to deliver custom solutions faster to innovative small and medium-sized customers,” James P. Zallie, president and chief executive officer, said during a Feb. 1 conference call with analysts. “We are pleased with our profit growth as we continue to focus on our trade-up strategy, underpinned by our emphasis on the customer experience.”

Ingredion’s gains extended beyond North America, though, as operating income in the company’s EMEA region increased 7% to $113 million in fiscal 2017, while income in Asia Pacific edged up 1% to $112 million from $111 million. “Our Sun Flour rice ingredients business and Shandong Huanong integrations are going well,” Mr. Zallie said. “The demand for our rice-based ingredients is strong, and our Shandong cost synergies are on track for 2018.”

Ingredion's TIC Gums integration is enhancing the company's texture capabilities.

Operating income in the company’s South America business was down 10% for the full year at $80 million, but showed signs of growth in the fourth quarter by increasing 24% year-over-year to $36 million from $29 million. “We have been working to get our cost structure really, I would say, ‘fighting fit’ for the last couple of years,” Mr. Zallie said. “We have a very strong operator down in South America that is driving operational efficiency, continuous improvement. We’ve taken actions … to restructure our network and the actions that we took last year in Argentina. So really great to see how we’re positioned now that we see some green shoots in Brazil that appeared to be sustainable going forward. Probably the second straight quarter that we’ve seen positivity out of Brazil. And then Argentina, again, we’re very well positioned as that economy continues to recover. And we’ve got a very strong position in Colombia and the Indian region. So I would say we’re certainly more optimistic on South America than we have been in recent years.”
Looking ahead to fiscal 2018, Mr. Zallie said Ingredion expects continued growth in its specialty portfolio, disciplined cost management and ongoing capital investments to support margin expansion. The company also will continue to explore potential mergers and acquisitions to drive specialty growth.

James D. Gray, chief financial officer, noted during the call that Ingredion expects 2018 adjusted earnings per share in the range of $8.10 to $8.50, which would include the estimate benefit of tax reform of approximately 1 percentage point. Meanwhile, Ingredion anticipates cash from operations in 2018 to be in the range of $830 million to $880 million, Mr. Gray said. “We expect to invest between $330 million and $360 million in capital expenditures around the world in 2018 to support growth as well as cost and process improvements,” he said. “Importantly, we have a proven track record of both reinvesting and returning capital to shareholders through dividends and share repurchases, and we expect to continue this in the future as we concurrently explore M.&A. opportunities.”

Food Business News - February 2, 2018



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Ingredion Incorporated (NYSE:INGR) is a leading global ingredient solutions provider to the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors. We are committed to supplying our customers with quality, innovative ingredient solutions that are on trend and in demand. With a strong balance sheet and a history – más... 

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