date:May 03, 2013
on, volume-$26 million and price/mix a positive +$45 million.
Sales growth was driven by positive price/mix partially offset by negative volume and slight currency headwinds, Ingredion said. The benefits of the North American manufacturing network optimization, particularly the decision to shed some low margin business, resulted in higher price/mix.
The company attributed the improved operating profits to the better price mix and continued focus on cost savings initiatives from manufacturing e