CP Kelco Announces Price Increases.CHICAGO -- Due to rising energy and processing materials costs, CP Kelco will implement a series of price increases effective December 15, 2004. Prices for currently contracted business will be adjusted as individual contracts come due. The price increases are: 6% for 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. , 5% for xanthan and xanthan blends, and 5% for welan gum materials. In addition, price increases ranging from 6% to 10% will be implemented for selected 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. "We are facing double digit Noun 1. double digit - a two-digit integer; from 10 to 99 integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction" increases in what we spend on energy and processing materials," says Bruce Dructor, CP Kelco's vice president, operations and business management. "However, CP Kelco's efforts to improve production efficiency and boost capacity have partially offset these additional costs and allowed us to keep the price increases to a minimum." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dructor, CP Kelco's operations' investments have not only helped secure a competitive manufacturing position, they ultimately ensure continued delivery of innovative new product solutions and outstanding quality and service in all product lines. "As a leading producer of pectin, xanthan and carrageenan--and the only producer of welan gum--our goal is to deliver steady supply and consistent product performance for all CP Kelco customers around the world." ABOUT CP KELCO: Recently acquired by the J.M. Huber Corporation, 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. Hydrocolloids are thickeners, gelling agents and stabilizers that dissolve or swell in water to control textural properties and provide critical functionalities in a broad range of applications, including food, pharmaceutical, oral care, personal care, household and consumer, specialty industrial and oil field drilling. See www.cpkelco.com. ABOUT J.M. HUBER CORPORATION With reported sales exceeding $1 billion and operations in 18 countries, J.M. Huber Corporation is one of the largest family-owned companies in the U.S. It is a diversified multinational supplier of engineered materials, natural resources and technology-based services to markets ranging from paper and energy to plastics and construction. The company offers total solutions in 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. , carboxy methyl cellulose (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. ), engineered wood composites and other specialties. See www.huber.com. |
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