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2016-01-15

Ingredion Incorporated: INGREDION ANNOUNCES APPROXIMATELY $30 MILLION OF INCREMENTAL CAPITAL INVESTMENT IN MEXICO

WESTCHESTER, Ill., January 15, 2016 - Ingredion Incorporated (NYSE: INGR), a
leading global provider of ingredient solutions to diversified industries,
today announced that it plans to invest approximately $30 USD million in
Mexico to expand capacity at the Company's San Juan del Rio manufacturing
facility.

Over the past several years this facility has been increasing production to
support the growth demands of Ingredion's core and specialty products. The
expansion project is expected to be complete in the first quarter of 2017.

"We are excited about this incremental investment. With close to $1 billion in
annual sales, Mexico is a profitable and growing market for us. It has a
positive economic outlook and favorable demographics," said Jim Zallie,
Ingredion executive vice president, global specialties and president,
Americas.

"As our customers continue to invest in Mexico there's an increasing demand
for our ingredients and our local manufacturing capabilities are a
competitive advantage. This investment will position us to address our
customer needs while further enhancing shareholder value," Zallie added.

ABOUT INGREDION

Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions
provider. We turn corn, tapioca, potatoes and other vegetables and fruits
into value-added ingredients and biomaterial solutions for the food,
beverage, paper and corrugating, brewing and other industries. Serving
customers in over 100 countries, our ingredients make yogurts creamy, candy
sweet, paper stronger and face creams silky. VisitIngredion.comto learn more.

Forward-Looking Statements

This news release contains or may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The Company
intends these forward-looking statements to be covered by the safe harbor
provisions for such statements.

Forward-looking statements include, among other things, any statements
regarding the Company's prospects or future financial condition, earnings,
revenues, tax rates, capital expenditures, expenses or other financial items,
any statements concerning the Company's prospects or future operations,
including management's plans or strategies and objectives therefor and any
assumptions, expectations or beliefs underlying the foregoing.

These statements can sometimes be identified by the use of forward looking
words such as "may," "will," "should," "anticipate," "assume", "believe,"
"plan," "project," "estimate," "expect," "intend," "continue," "pro forma,"
"forecast," "outlook" 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 based on current circumstances or expectations, but are
subject to certain inherent risks and uncertainties, many of which are
difficult to predict and are beyond our control. 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
expressed in or implied by these statements, based on various factors,
including the effects of global economic conditions, including, particularly,
continuation or worsening of the current economic, currency and political
conditions in South America and economic conditions in Europe, and their
impact on our sales volumes and pricing of our products, our ability to
collect our receivables from customers and our ability to raise funds at
reasonable rates; fluctuations in worldwide markets for corn and other
commodities, and the associated risks of hedging against such fluctuations;
fluctuations in the markets and prices for our co-products, particularly corn
oil; fluctuations in aggregate industry supply and market demand; the
behavior of financial markets, including foreign currency fluctuations and
fluctuations in interest and exchange rates; volatility and turmoil in the
capital markets; the commercial and consumer credit environment; general
political, economic, business, market and weather conditions in the various
geographic regions and countries in which we buy our raw materials or
manufacture or sell our products; future financial performance of major
industries which we serve, including, without limitation, the food and
beverage, pharmaceuticals, paper, corrugated, textile and brewing industries;
energy costs and availability, freight and shipping costs, and changes in
regulatory controls regarding quotas, tariffs, duties, taxes and income tax
rates; operating difficulties; availability of raw materials, including
potato starch, tapioca and the specific varieties of corn upon which our
products are based; energy issues in Pakistan; boiler reliability; our
ability to effectively integrate and operate acquired businesses, including
the Penford business; our ability to achieve budgets and to realize expected
synergies; our ability to complete planned maintenance and investment
projects successfully and on budget; labor disputes; genetic and
biotechnology issues; changing consumption preferences including those
relating to high fructose corn syrup; increased competitive and/or customer
pressure in the corn-refining industry; and the outbreak or continuation of
serious communicable disease or hostilities including acts of terrorism.
Factors relating to the acquisition of Penford Corporation that could cause
actual results and developments to differ from expectations include that the
anticipated benefits of the acquisition, including synergies, may not be
realized; and that the integration of Penford's operations with our
operations may be materially delayed or may be more costly or difficult than
expected.

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
as a result of new information or future events or developments. 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 and other risks, see "Risk Factors" included
in our Annual Report on Form 10-K for the year ended December 31, 2014 and
subsequent reports on Forms 10-Q and 8-K.
###

CONTACT:

Investors:
Heather Kos, 708-551-2592

Media:
Claire Regan, 708-551-2602

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via Globenewswire

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