Jungbunzlauer to Raise Product Prices Up to 10%
The company said that rising global demand as well as concerns about stock levels lifted prices of corn, wheat and sugar substantially and led to material cost increases for the company’s products.
Oct 21 2010 --- Due to the strongly increased prices for agricultural raw materials Jungbunzlauer will be forced to raise its product prices up to 10%. The products affected include citric acid and citrates, xanthan gum, gluconates, specialty products and erythritol.
The company said that rising global demand as well as concerns about stock levels lifted prices of corn, wheat and sugar substantially and led to material cost increases for the company’s products.
Jungbunzlauer is further developing its manufacturing processes in order to secure best efficiency, lowest manufacturing costs and outstanding product quality. In particular, the reduction of the carbon footprint and food safety are important aspects in all process development efforts, the company reported.
