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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.
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Publication:Business Wire
Geographic Code:4EUNE
Date:Oct 7, 2003
Words:181
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