The Solae Company to increase soybean lecithin portfolio price
The rising cost of energy and a variety of increases in the cost of transportation and packaging has led to the move.
28/01/05 The Solae Company, a leading provider of value-added soy lecithin products, has announced a price increase for its soy lecithin product portfolio ranging between 5 to 12 percent. The price increase is effective March 1, 2005.
The company is increasing price due to the rising cost of energy and a variety of increases in the cost of transportation and packaging.
According to Jack Self, global business lead - lecithin, The Solae Company, the price increase will help ensure that The Solae Company continues to make the necessary investments in technological advances and customer support to meet the demand for lecithin products.
The Solae Company, headquartered in St. Louis, Missouri, USA, serves food and beverage manufacturers, dietary supplement developers, retailers and consumers in 80 countries worldwide including the United States and Canada, Europe and the Middle East, Latin America and the Asia/Pacific region. The company was formed through an alliance between Bunge Limited and DuPont. The company`s business is focused on significantly growing the global business in plant-based, specialty food ingredients, initially addressing soy protein and lecithin, and expanded offerings of products and services that help customers compete and prosper.
