Joint VentureMay 28, 2026, 07:04 AM
Ingredion forms JV with Sanstar, takes 9% equity stake in India
AI Summary
Ingredion Incorporated announced a joint venture with Sanstar Limited and a 9% equity stake in the Indian corn-based specialty products manufacturer. This partnership combines local expertise with global formulation and innovation to serve high-growth pharma and food ingredient verticals in India. The venture aims to establish a local platform for vertically integrated, science-led specialty ingredients and solutions, including a greenfield construction project for diversified specialty products.
Key Highlights
- Ingredion formed a joint venture with Sanstar Limited.
- Ingredion made a 9% equity investment in Sanstar.
- The partnership targets high-growth pharma and food ingredient verticals in India.
- The venture will commission a greenfield construction project for specialty pharmaceutical and other ingredient products.
- India's specialty starch and functional ingredients market is among the fastest-growing in Asia-Pacific.
- Ingredion's 2025 annual net sales were approximately $7.2 billion.
Price Impact
More from INGR