Innophos Holdings Announces New China Investment to Grow Food and Beverage Markets with Increased Specialty Ingredients Capability

Innophos Holdings, Inc. IPHS today announced the formation of a new China subsidiary, Innophos (Taicang) Food Ingredients Manufacturing Co., Ltd. The subsidiary, which was organized as a "wholly foreign owned enterprise" on April 28, 2011, has already obtained the necessary business license to operate in China and is expected to begin servicing customers in the third quarter of 2011. Additionally, Innophos Taicang is moving ahead with construction plans for a modern food grade specialty phosphate facility in Taicang City, located approximately 40 kilometers from Shanghai. The new facility, which will manufacture specialty ingredients focusing on the developing food and beverage markets in China, is expected to be operational by the first half of 2012.