Company Celebrates 100-Year Anniversary
WESTCHESTER, Ill., Feb. 6 /PRNewswire-FirstCall/ -- Corn Products
International, Inc. (NYSE: CPO), a leading global provider of agriculturally
derived ingredients, announced that Chairman, President and Chief Executive
Officer Samuel C. Scott III will ring The Closing Bell at the New York Stock
Exchange at 4 p.m. Eastern Time today, in recognition of the Company's 100th
"Ringing The Closing Bell of the New York Stock Exchange is a wonderful
way to commemorate our Company's first century of growth and progress," said
Sam Scott. "For 100 years, we have provided vital ingredients to a variety of
industries around the world. And our second century promises to be even more
exciting, as we enact our strategy that focuses on excelling at our base
business, expanding our global reach, and broadening our product portfolio."
Several corporate officers are joining Scott at The Closing Bell ceremony,
including Cheryl K. Beebe, vice president and chief financial officer; Marcia
Doane, vice president, general counsel and corporate secretary; Jorge
Fiamenghi, vice president and president, South America division; Jack Fortnum,
vice president and president, North America division; Jeffrey Hebble, vice
president and president, Asia/Africa division; James Hirchak, vice president,
human resources; Kimberly Hunter, corporate treasurer; Robin Kornmeyer, vice
president and controller; and James Ripley, senior vice president, planning,
information technology and compliance.
Corn Products International, Inc., headquartered in Westchester, Ill., 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. Corn Products
International is the number-one worldwide producer of dextrose and a leading
regional producer of starch, high fructose corn syrup and glucose. In 2005,
the Company recorded net sales of $2.4 billion from operations in 15 countries
at 33 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," "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 report or referred to or
incorporated by reference into this report 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 commodities markets 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; 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 hostilities including acts of terrorism; stock
market fluctuation and volatility; and our ability to maintain sales levels of
HFCS in Mexico. 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 certain risk factors, see the
Company's most recently filed Annual Report on Form 10-K and subsequent
reports on Forms 10-Q or 8-K.
SOURCE: Corn Products International, Inc.
CONTACT: Investors, Dave Prichard, +1-708-551-2592 or Media,
Mark Lindley, +1-708-551-2602both of Corn Products International
Web site: http://www.cornproducts.com