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Corn Products International Updates NAFTA Chapter 11 Arbitral Tribunal Proceedings
WESTCHESTER, Ill., Mar 26, 2010 (BUSINESS WIRE) -- Corn Products International, Inc. (NYSE:CPO), a leading global provider of ingredient solutions to diversified industries, has received a further decision in its case against the United Mexican States arising out of a 2002 tax imposed on soft drinks using sweeteners other than cane sugar.

The tribunal has issued a correction of its August 2009 damages award. While the amount of damages, $58.4 million, has not changed, the decision makes the damages payable to Corn Products International, Inc, instead of its wholly owned subsidiary, CPIngredientes, to eliminate double taxation.

ABOUT CORN PRODUCTS INTERNATIONAL, INC.

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 a leading worldwide producer of dextrose and a major regional producer of starch, high fructose corn syrup and glucose. In 2009, Corn Products International reported net sales and diluted earnings per share of $3.67 billion and $0.54, respectively, with operations in 13 countries at 28 plants, including wholly owned businesses, affiliates and alliances. For more information, visit www.cornproducts.com.

SOURCE: Corn Products International, Inc.

Corn Products International, Inc.
Investors: John Barry, (708) 551-2592
Media: Mark Lindley, (708) 551-2602