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Segment Information
3 Months Ended
Mar. 31, 2013
Segment Information  
Segment Information

 

 

4.                                      Segment Information

 

The Company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries, and is managed geographically on a regional basis.  The Company’s operations are classified into four reportable business segments: North America, South America, Asia Pacific and Europe, the Middle East and Africa (“EMEA”).  The North America segment includes businesses in the United States, Canada and Mexico.  The Company’s South America segment includes businesses in Brazil, Colombia, Ecuador, Peru and the Southern Cone of South America, which includes Argentina, Chile and Uruguay.  The Asia Pacific segment includes businesses in Korea, Thailand, Malaysia, China, Japan, Indonesia, the Philippines, Singapore, India, Australia and New Zealand.  The Company’s EMEA segment includes businesses in the United Kingdom, Germany, South Africa, Pakistan and Kenya.

 

 

 

Three Months Ended
March 31,

 

(in millions)

 

2013

 

2012

 

Net Sales

 

 

 

 

 

North America

 

$

909.8

 

$

891.8

 

South America

 

348.7

 

367.5

 

Asia Pacific

 

195.5

 

189.1

 

EMEA

 

129.8

 

125.8

 

Total

 

$

1,583.8

 

$

1,574.2

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

North America

 

$

107.7

 

$

100.0

 

South America

 

43.4

 

45.6

 

Asia Pacific

 

23.0

 

20.3

 

EMEA.

 

19.3

 

18.9

 

Corporate

 

(18.3

)

(17.6

)

Sub-total

 

175.1

 

167.2

 

Integration costs

 

 

(2.4

)

Restructuring charges

 

 

(3.8

)

Total

 

$

175.1

 

$

161.0

 

 

(in millions) 

 

At
March 31, 2013

 

At
December 31, 2012

 

Total Assets

 

 

 

 

 

North America

 

$

3,157

 

$

3,116

 

South America

 

1,173

 

1,230

 

Asia Pacific

 

748

 

730

 

EMEA

 

509

 

516

 

Total

 

$

5,587

 

$

5,592