CP Kelco Announces 2018 Pricing Increase of Carboxymethyl Cellulose (CMC) Portfolio
ATLANTA, Sept. 17, 2018 (GLOBE NEWSWIRE) — The CMC business unit of CP Kelco announced today it will increase pricing of its entire CMC product portfolio up to 10% globally, effective October 17, 2018, as contracts allow.
The price adjustments are driven by the continued increase in the cost of key raw materials used to produce CMC (also known as cellulose gum).
“We recognize that price increases are generally not welcome, but with this decision, the CMC unit of CP Kelco will be positioned to continue providing a sustainable supply of quality CMC products to the market over the long term,” said Victor Dean, SVP and General Manager of CMC at CP Kelco.
About CMC Business Unit of CP Kelco
The CMC business unit of CP Kelco is a leading innovator in the modification of cellulose-based raw materials. Our goal is to be the preferred partner for providing innovative CMC products and solutions through the use of nature-based chemistry. We continuously strive to provide product innovation and outstanding service to our global customers.
About CP Kelco
Headquartered in Atlanta, Georgia, USA, and part of J.M. Huber Corporation, CP Kelco is a leading producer of specialty hydrocolloids with offices and facilities across the globe. Featuring an extensive range of hydrocolloid solutions and serving over 100 countries, CP Kelco leverages its capabilities to bring concepts and ideas to real-world products in a broad range of applications. The company’s specialty ingredients touch a wide variety of consumer and household products and industrial applications, tailored to meet the needs of regional consumers. Key product lines are Gellan Gum, Pectin, Xanthan Gum, CMC/Cellulose Gum, Carrageenan, Diutan Gum and Microparticulated Whey Protein Concentrate, as well as other unique biopolymers. Visit http://www.cpkelco.com/ for more information.
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