CP Kelco Announces Global Price Increase in Food Gums.ATLANTA -- Effective November 15, 2005, CP Kelco will implement a 4-6% increase across all 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 refined 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. products. Prices for currently contracted business will be adjusted as individual contracts come due. "We have aggressively pursued multiple initiatives to reduce costs, however we continue to face strong increases in raw material, energy and freight costs," says Bruce Dructor, Vice President, Operations & Business Management. "The price increases allow CP Kelco to offset some rising costs while continuing to invest in industry-leading innovation and technology development." According to Martin Sapone, Food Gums Business Director, "CP Kelco remains committed to delivering superior product quality, new product innovations, and expanded technical capabilities and service. "Global demand for pectin products, such as our GENU genu /ge·nu/ (je´nu) pl. ge´nua [L.] 1. the knee. 2. any kneelike structure. genu extror´sum bowleg. genu intror´sum knock-knee. (R) Pectin YM series, continues to be strong, primarily spurred by growth in developing geographies and new product entries in developed markets," says Sapone. "We are keeping pace with growing demand and remain well-positioned to meet our customers' needs both now and in the future." 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, Europe, Asia, and Latin America. Owned by J.M. Huber Corporation, CP Kelco's product lines include pectin, 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. , carrageenan, cellulose gum, locust bean gum Locust bean gum is a galactomannan vegetable gum extracted from the seeds of the Carob tree. It is used as a thickener and gelling agent in food technology. It is also called Carob Gum. External links
n soluble protein found in milk whey that has been clotted by rennin, examples of which include alpha-lactalbumin, lactoglobulin, and lactoferrin. concentrate and other novel biopolymers, all marketed under brand names including GENU(R), GENUGEL(R), GENUTINE(R), GENUVISCO(R), GENULACTA(R), SLENDID(R), KELCOGEL(R), KELTROL(R), FINNFIX(R), CEKOL(R), and SIMPLESSE(R). 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. |
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