Corn Products International announced Thursday it is planning investments in its Brazilian business to bolster its operations in the country, Latin America’s biggest economy. Corn Products International is a leading provider of ingredient solutions to diversified industries. Its announcement reiterated the firm’s plans to invest between $75 million and $100 million over the next several years to support the growth of its Brazilian business.

The capital expenditures would be used to expand capacity and develop new ingredient solutions in Brazil, particularly to support the rapid growth of the food, beverage and industrial sectors.

Ilene Gordon, Chairman, President and Chief Executive Officer of Corn Products International said the intended investment reaffirms Corn Products International’s commitment to growing with and supporting its customers over the long term.  Brazil has been an outstanding market for Corn Products historically, and the firm believes that it will continue to provide superior growth and returns in the future, noted Gordon.

For the nine months ended September 30, 2010, $874 million, or 29.5 percent, of Corn Products’ sales were generated in South America, where Brazil is the largest contributor.  Corn Products operates six manufacturing facilities and two ingredient development centers in Brazil.

Corn Products continues to invest in growth opportunities on a global basis, highlighted by the acquisition of National Starch, which added $1.3 billion of largely value-added sales primarily to the food industry.  The acquisition also further strengthened the company’s Asian business and provided a European platform for additional growth.  The company will invest behind these attractive geographic and value-added product opportunities over time.

Corn Products plans to expand capacity and develop new ingredients for Brazil. Headquartered in the Chicago suburb of Westchester, Illinois, Corn Products International is more than just one of the world’s leading ingredient solutions providers.

Corn Products employs more than 10,000 employees around the world. The firm’s portfolio encompasses a variety of ingredients that customers depend on every day. Corn Products provides a wide variety of ingredient solutions to customers in more than 60 diverse industries around the world, including food, beverage, pharmaceutical, corrugating, animal feed, and health & wellness.

Through strategic acquisitions, organic growth, and innovative research and development, Corn Products is providing unique product offerings to growing markets that include health and nutrition, specialty beverages, functional foods, personal care and biomaterials.