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Profile: Innophos Holdings Inc (IPHS.OQ)

IPHS.OQ on NASDAQ Stock Exchange Global Select Market

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22 Jul 2016
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Innophos Holdings, Inc., incorporated July 15, 2004, is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company's segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and GTSP & Other. The Specialty Phosphates US & Canada segment and Specialty Phosphates Mexico segment comprises product lines, such as Specialty Ingredients; Food and Technical Grade Purified Phosphoric Acid (PPA), and Technical Grade Sodium Tripolyphosphate (STPP) & Detergent Grade PPA. The GTSP & Other segment includes fertilizer co-product Granular Triple Super Phosphate (GTSP) and other non-specialty phosphate products. The Specialty Phosphates US & Canada segment and the Specialty Ingredients product line includes the operations of Innophos Nutrition, Inc.

The Company's bioactive mineral ingredients are mineral-based ingredients for food, beverage and dietary supplement end markets that are manufactured to be readily digestible. The Company also produces a range of botanical, enzyme and mineral-based ingredients through a range of production processes customized through spray drying, roller compactions, grinding, wet granulations, solvent extractions and custom blending resulting in over 2,000 product formulations. The Company has its manufacturing facilities located throughout the United States, Canada, Mexico and China. All of its properties located in the United States, Canada, China and Brazil are utilized in the Specialty Phosphates US & Canada, and GTSP & Other segments. All of its properties located in Mexico are utilized in its Specialty Phosphates Mexico, and GTSP & Other segments.

Specialty Ingredients

The Company's Specialty Ingredients consist of specialty phosphate salts, specialty phosphoric acids and a range of other mineral and botanical-based specialty ingredients. These ingredients are used as flavor enhancers in beverages, electrolytes in sports drinks, texture modifiers in cheeses, leavening agents in baked goods, mineral and botanical sources for nutritional supplements, pharmaceutical excipients and abrasives in toothpaste. Specialty phosphoric acids are used in industrial applications, such as asphalt modification and petrochemical catalysis. The products offered under specialty ingredients are Sodium Aluminum Phosphate, Acidic and Basic (SALP), Sodium Acid PyroPhosphate (SAPP), Sodium HexaMetaPhosphate (SHMP), Monocalcium Phosphate (MCP), Calcium Acid Pyrophosphate (CAPP), Dicalcium Phosphate (DCP), Tricalcium Phosphate (TCP), and specialty acids, such as Polyacid, among others. The specialty ingredients product line also include organic mineral salts and blends, including calcium, chromium, copper, iron, lithium, magnesium, manganese, phosphorous, potassium, selenium, strontium, vanadium, and zinc, and plant-based botanical, enzyme and mineral nutrients.

Food and Technical Grade PPA

The Company's Food and Technical Grade PPA are pure forms of PPA. PPA is used to manufacture phosphate salts and acids, and is also used directly in beverage applications as a flavor enhancer and in water treatment applications. The Company also sells Technical Grade PPA in the merchant market to third-party phosphate derivative producers.

STPP & Detergent Grade PPA

The Company's STPP is a specialty phosphate derived from reacting phosphoric acid with a sodium alkali. STPP is used as ingredient in cleaning products, including industrial and institutional cleaners, and dishwashing detergents and consumer laundry detergents outside the United States. In addition to its use in cleaning products, STPP is also used in water treatment, clay processing and copper ore processing.

GTSP & Other

The Company's GTSP is a fertilizer product line produced at its Coatzacoalcos facility in Mexico. GTSP is used throughout Latin America for crop yields in a range of agricultural sectors. GTSP is made as a co-product of the Company's purified wet acid manufacturing process.

The Company competes with Israel Chemicals Limited, Potash Corporation of Saskatchewan Inc., Mexichem, S.A.B. de C.V., Balchem Corporation, Jost Chemical Company, Naturex and BI Nutraceuticals Inc.

Company Address

Innophos Holdings Inc

259 Prospect Plains Rd
CRANBURY   NJ   08512-3706
P: +1609.4952495
F: +1302.6365454

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