Printer Friendly

Verdugt Announces a US$ 0,0375/Lb. Increase for Propionates and Plans for Further Capacity Expansions.

Business Editors

TIEL, The Netherlands--(BUSINESS WIRE)--Oct. 7, 2003

Organic acid salts manufacturer Verdugt B.V. has announced a 3.75 cents/Lb. price increase for calcium and sodium propionates, effective January 1st 2004, for its North American market. This increase reflects recent cost increases and reflects the products underlying value in the market.

Verdugt, as the world's largest producer of organic salts, has recently announced a large capacity expansion enabling them to meet the increasing demand in propionates.

"It is part of the company's long-term strategy to invest in this product in order to meet the growing requirements of our global customer base. Our recent expansion allows us to maintain our leading position as the largest, most cost effective organic salts producer in the world," said Verdugt's Director of Sales and Marketing Matthijs Mulder.

The company, based in Tiel, The Netherlands, produces a wide range of organic acids and acid salts distributed by their global distribution network in the food, pharmaceutical and agricultural industries. Verdugt is also a leading supplier of environmentally friendly de-icers marketed under the Clearway brand.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:4EUNE
Date:Oct 7, 2003
Previous Article:Multimedia Available: Artists Lift Their Voices In Songs For Life.
Next Launches 'Tu Bebe' - A Comprehensive Spanish-Language Baby Resource.

Related Articles
Polypropylene: how tight? How long?
More Resin Capacity Is on the Way.
Commodity Resins Will Be Soft.
Bayer Bids to Be No. 1 In Polycarbonate.
Willman: Making Big Green Sand Castings for a Lower Overall Cost.
Huntsman boosts global MDI capacity.
Price adjustments.
Price adjustments.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters