FMC Corporation Announces Hydrocolloids Global Price Increases
02 Dec 2014 --- FMC Corporation has announced global price increases, effective January 2 2015, on its alginate, carrageenan, Avicel microcrystalline cellulose, pectin and other hydrocolloid products of up to 10 percent or as contractually determined in food, personal care and other market segments, including certain pharmaceutical segments. The increase varies by product family and may exceed 10 percent on some specialty products.
“These increases are necessary to offset rising input costs, most notably in seaweeds used in our alginate and carrageenan lines of products and in fruit peels utilized in our pectin products,” said Bryan Bast, Global Business director, Nutrition, FMC Health and Nutrition. “We remain dedicated to working with our customers to continually find ways of developing new products and solutions that reduce overall ingredient cost-in-use while maintaining or improving the consumer and end-user experience.”
FMC is a leading producer of alginates, carrageenan and microcrystalline cellulose providing solutions to meet demanding formulation challenges associated with global and regional food and social trends. In recent years, FMC has expanded its product portfolio into natural colors, pectin and omega-3 oils to better help customers address trends toward healthier and more natural foods.
