CP Kelco ApS Announces Price Increase For KELTROL Food Grade Xanthan Gum, Effective August 1, 2003.Business Editors CHICAGO--(BUSINESS WIRE)--June 27, 2003 The Biogums business unit for CP Kelco announces a price increase for KELTROL(R) food grade 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. products effective August 1, 2003. The level of increase will range up to 10% depending on volume and grade of material. Customers affected by this will be primarily those who buy standard grades at volume discounted pricing. This does not impact contracts and agreements currently in place. These will be honored at existing price levels. This increase is a result of improved international demand for food grade xanthan gum. It also reflects CP Kelco's ongoing investments to continue producing materials that meet the highest global standards for quality and safety. About CP Kelco ApS CP Kelco, the leading global provider of xanthan gum, has three biogums manufacturing facilities. CP Kelco also produces gellan gum, 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 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. . The company, which employs over 1800 people worldwide, has more than 2,000 customers in over 100 countries, with facilities in North America, Europe, Asia and Latin America. Formed in 2000 by the combination of the Copenhagen Pectin/Food Gums Division of Hercules Incorporated and the Kelco Biopolymers business of Monsanto Company, CP Kelco's principal shareholders are Lehman Brothers Merchant Banking Partners II L.P. and Hercules Incorporated (NYSE NYSE See: New York Stock Exchange : HPC (Handheld PC) A palmtop computer that weighs less than one pound and runs specialized versions of popular applications. Microsoft coined the term for its Windows CE operating system, which is an abbreviated version of Windows. See Pocket PC. ). For more information on CP Kelco, please visit www.cpkelco.com. |
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