Corn Products International Rings NYSE Closing Bell(SM) Today
February 06 2006 - 8:00AM
PR Newswire (US)
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 anniversary. "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/ .
Forward-looking Statement 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. First Call Analyst: FCMN Contact: DATASOURCE:
Corn Products International, Inc. CONTACT: Investors, Dave
Prichard, +1-708-551-2592, or Media, Mark Lindley, +1-708-551-2602,
both of Corn Products International Web site:
http://www.cornproducts.com/
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