WESTCHESTER, Ill., Aug. 9 /PRNewswire-FirstCall/ -- Corn Products
International, Inc. (NYSE: CPO), a leading global provider of agriculturally
derived ingredients to diversified industries, today confirmed its previous
2007 full-year diluted earnings per share guidance of $2.35 to $2.55 versus
earnings per share of $1.63 in 2006. The Company said that business
fundamentals remain consistent with management's comments made during the 2007
second quarter earnings conference call held on July 24.
ABOUT THE COMPANY
Corn Products International is one of the world's largest corn refiners
and a major supplier of high-quality food ingredients and industrial products
derived from the wet milling and processing of corn and other starch-based
materials. The Company, headquartered in Westchester, Ill., is the number-one
worldwide producer of dextrose and a leading regional producer of starch, high
fructose corn syrup and glucose. The Company has operations in 15 countries
at 35 plants, including wholly owned businesses, affiliates and alliances.
For more information, visit http://www.cornproducts.com.
This news release contains or may contain forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The Company intends these
forward looking statements to be covered by the safe harbor provisions for
such statements. These statements include, among other things, any
predictions regarding the Company's future financial condition, earnings,
revenues, expenses or other financial items, any statements concerning the
Company's prospects or future operation, including management's plans or
strategies and objectives therefor and any assumptions underlying the
foregoing. These statements can sometimes be identified by the use of forward
looking words such as "may," "will," "should," "anticipate," "believe,"
"plan," "project," "estimate," "expect," "intend," "continue," "pro forma,"
"forecast" or other similar expressions or the negative thereof. All
statements other than statements of historical facts in this release or
referred to in this release are "forward-looking statements." These
statements are subject to certain inherent risks and uncertainties. Although
we believe our expectations reflected in these forward-looking statements are
based on reasonable assumptions, stockholders are cautioned that no assurance
can be given that our expectations will prove correct. Actual results and
developments may differ materially from the expectations conveyed in these
statements, based on various factors, including fluctuations in worldwide
markets for corn and other commodities, and the associated risks of hedging
against such fluctuations; fluctuations in aggregate industry supply and
market demand; general political, economic, business, market and weather
conditions in the various geographic regions and countries in which we
manufacture and/or sell our products; fluctuations in the value of local
currencies, energy costs and availability, freight and shipping costs, and
changes in regulatory controls regarding quotas, tariffs, duties, taxes and
income tax rates; operating difficulties; boiler reliability; our ability to
effectively integrate acquired businesses; labor disputes; genetic and
biotechnology issues; changing consumption preferences and trends; increased
competitive and/or customer pressure in the corn-refining industry; the
outbreak or continuation of serious communicable disease or hostilities
including acts of terrorism; and stock market fluctuation and volatility. Our
forward-looking statements speak only as of the date on which they are made
and we do not undertake any obligation to update any forward-looking statement
to reflect events or circumstances after the date of the statement. If we do
update or correct one or more of these statements, investors and others should
not conclude that we will make additional updates or corrections. For a
further description of these risks, see Risk Factors included in our Annual
Report on Form 10-K for the year ended December 31, 2006 and subsequent
reports on Forms 10-Q or 8-K.
Corn Products International, Inc.
Investors, Dave Prichard, +1-708-551-2592, or Media, Mark
Lindley, +1-708-551-2602, both of Corn Products International, Inc.