CP Kelco ApS announces major investment to expand capacity and enhance manufacturing flexibility in its Carrageenan operations.Business Editors CHICAGO--(BUSINESS WIRE)--Aug. 5, 2003 To reinforce its commitment to the company's growing 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. business, CP Kelco recently approved a major capital investment that enables expanded finished product blending in its Cebu, Philippines plant. This project, which increases overall capacity for carrageenan production, is targeted for completion in second quarter 2004. "By enhancing our finished product blending capabilities in Cebu, we are taking steps to organize our supply chain in a way that creates added flexibility in our operations and, therefore, creates tremendous benefits for our customers on a global basis--and Asia Pacific in particular," said Didier Viala, business director, carrageenan. 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. Viala, the potential benefits to customers in Asia Pacific are reduced lead times and lower transportation and duty costs. And for all CP Kelco customers, the expanded capabilities in Cebu will provide an alternative location for finished product sourcing as well as increased production capacity for a wide range of refined gel-press carrageenan and semi-refined carrageenan lines. "Both of our carrageenan plants play a critical role in serving our customers," added Viala. "In Cebu, this investment is a key step towards having more customer-ready products locally in the Asia Pacific region. In Skensved (Denmark), moving some of the finished carrageenan production to Cebu opens the door for us to develop additional specialized and value-added blends." About CP Kelco ApS: CP Kelco is the global leader in the hydrocolloids (thickeners and stabilizers) market, with leading positions in 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. and 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 a strong position in carrageenan. The company has more than 2,000 customers in over 100 countries, with 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 Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . For more information on the company, please visit www.cpkelco.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion