CP Kelco Announces Global Price Increase Across All Product Ranges.ATLANTA -- CP Kelco today announced global price increases up to 8% across its product range of carrageenan car·ra·geen·an or car·ra·geen·in n. Any of a group of closely related colloids derived from several red algae, widely used as a thickening, stabilizing, emulsifying, or suspending agent in pharmaceuticals. , carboxymethyl cellulose Noun 1. carboxymethyl cellulose - an acid derivative of cellulose cellulose - a polysaccharide that is the chief constituent of all plant tissues and fibers (CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. ), gellan gum Gellan gum is a polysaccharide produced by Sphingomonas elodea, a bacterium. Soluble in water, it is used primarily as an alternative to agar as a gelling agent in microbiological culture. , pectin pectin, any of a group of white, amorphous, complex carbohydrates that occur in ripe fruits and certain vegetables. Fruits rich in pectin are the peach, apple, currant, and plum. Protopectin, present in unripe fruits, is converted to pectin as the fruit ripens. and xanthan gum xan·than gum n. A natural gum of high molecular weight produced by culture fermentation of glucose and used as a stabilizer in commercial food preparation. . The following changes are effective December 1, 2006 or as contracts allow. * CMC products will be raised by 5-8% across all market segments. * Pectin and refined carrageenan will be raised up to 8% across all markets. * Biogums (xanthan gum, gellan gum, welan gum and diutan) will be raised between 3-5% across all market segments. "Following a series of aggressive campaigns to reduce our costs, which include streamlining our production assets, we continue to see sustainable increases in critical raw materials, energy and freight costs that negatively effect our operating margins," said Rick Calk, VP of Commercial Operations. CP Kelco has made a serious commitment for the continued investment into the hydrocolloids industry by creating new products and bringing high performing products to our customer. Recently CP Kelco announced increased investments into China for a new CMC facility and increased capacity from our biogums facility. "These investments, coupled with continuous improvement projects in our pectin and carrageenan businesses, ensure both our product offering and infrastructure are in place for a sustainable long-term growth", says Calk. "This price increase allows us to continue a serious focus on new technology development while we maintain superior service levels to our customers." About CP Kelco CP Kelco is a leading global producer of specialty hydrocolloids, with more than 2,000 customers in over 100 countries and facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, and Latin America. Owned by J.M. Huber Corporation, CP Kelco produces xanthan gum, pectin, carrageenan and carboxymethlyl cellulose (CMC), the most widely-used cellulose ether in the world. For more information see www.cpkelco.com. About J.M. Huber Corporation J.M. Huber Corporation, headquartered in Edison, NJ, is a diversified, multinational supplier of engineered materials, natural resources and technology-based services to customers spanning many industries from paper and energy to plastics and construction. With announced sales exceeding $2-billion, J.M. Huber Corporation is one of the largest family-owned companies in the United States. The company offers total solutions in hydrocolloids, inorganic chemistry inorganic chemistry, the study of all the elements and their compounds with the exception of carbon and its compounds, which fall under the category of organic chemistry. , engineered wood composites and other specialties. For more information, see www.huber.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion