CP Kelco Raising Prices
November 27/Manufacturing Close-Up -- CP Kelco said it will raise prices by up to 10% across all product lines, effective December 18 or as contracts allow.
According to a release, product lines impacted include pectin, xanthan gum, gellan gum and carrageenan. Additionally, the company said that carboxymethyl cellulose (CMC) prices will have significant increases for grades manufactured from cotton and other high-viscosity cellulose raw materials.
"Critical raw materials have been adversely impacted by global weather conditions, higher demand and a global shortage of supply," says Dave Brotheridge, vice president and CFO of CP Kelco.
"CP Kelco is aggressively working to secure supply for our customers, while reducing the long-term impact of this recent raw material volatility impacting all product lines," says Brotheridge.
From the December 6, 2010, Prepared Foods E-dition