Tate & Lyle, PLC (TATYY): Company Background Tate & Lyle PLC is a...

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Sunday, 09/19/2010 5:50:07 PM

Sunday, September 19, 2010 5:50:07 PM

Company Background
Tate & Lyle PLC is a provider of ingredients and solutions to the food beverage and other business. The Company's products from its commodity corn milling and sugar business are classified as primary. During the year ended March 31, 2010, the Company operated through three business divisions: speciality food ingredients, bulk ingredients and sugars. Tate & Lyle operates a network of corn wet mills in both North America and Europe, processing two types of corn: dent and waxy. Dent corn is used to make fructose corn syrup, basic food and industrial starches, alcohol (ethanol) and animal feed. Waxy corn is concentrated direct from the farmer and is used in adhesives and gums for the paper industry. In Europe, the Company has one wholly owned corn wet milling plant, with another four as part of its joint venture, Eaststarch. The Company also has one wholly owned corn wet milling plant in Morocco.

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