FMC BioPolymer Raises Prices for Microcrystalline Cellulose and Carrageenan Products
It will increase prices for Avicel and related brands of its food and pharmaceutical grade microcrystalline cellulose and cellulose gel by 4 percent to 8 percent and increase prices on its carrageenan product line by 4 percent to 6 percent.
02/10/07 FMC BioPolymer, an operating unit of FMC Corporation has announced that effective November 1, 2007, it will increase prices for Avicel and related brands of its food and pharmaceutical grade microcrystalline cellulose and cellulose gel by 4 percent to 8 percent and increase prices on its carrageenan product line by 4 percent to 6 percent. Depending on the product line and business unit, increases will be applied to list prices and as contracts permit.
“The major drivers for this action are significant cost increases in raw materials, specifically pulp and seaweed, as well as energy costs that remain at near record high levels,” said Jerry Whelan, Commercial Director, FMC BioPolymer “We continue to make ongoing investments to maintain the company’s position as a global leader in quality, service and reliability for the food, personal care, and pharmaceutical industries. FMC also will continue to implement vigorous efficiency and cost reduction projects to keep future product price increases to a minimum.”
FMC BioPolymer is the market leader in microcrystalline cellulose and carrageenan and is a major supplier of alginate for the food, pharmaceutical and industrial markets. The company’s plants in the United States, Ireland, Norway and the Philippines are ISO certified, reaffirming the company’s commitment to providing an assured supply of the highest quality products and delivering innovative and cost effective solutions. Over the past six years, FMC BioPolymer has expanded its global technical capabilities and breadth of product offerings to deliver the best solutions to food, pharmaceutical and industrial manufacturers.
