
11 Nov 2004
ISP Food Ingredients announces price increase
ISP Food Ingredients will implement an average price increase of 7 to10% for food-grade alginates and other hydrocolloid-based functional food systems. These increases apply to pricing worldwide and will take effect on December 1, 2004, or as contracts allow. Over the past year, raw material costs have increased substantially due to reduced harvests leading to a tight supply of some seaweeds and natural gums. Further, energy, water, transportation and environmental compliance costs increased dramatically in 2004 and are forecasted to significantly increase again in 2005. Although ISP has implemented aggressive cost containment measures as well as improved operating efficiencies, these actions have been insufficient to offset these substantial cost increases.
Reader enquiries
International Specialty Products - ISP
Sean Appleton
Communications Manager - Europe
ISP Europe
Waterfield, Tadworth
Surrey, KT20 5HQ
United Kingdom
Notes for editors
About ISP
International Specialty Products Inc. (ISP), a leading global supplier of specialty chemicals and performance-enhancing products for a wide variety of personal care, pharmaceutical, food, beverage and industrial applications. ISP produces more than 400 specialty chemicals, which it markets and sells worldwide. ISP’s corporate headquarters are located in Wayne, New Jersey, USA, and its European sales and customer service centre is based in Köln, Germany & Tadworth, England.
Editorial enquiries
Sean Appleton
International Specialty Products - ISP
Nathalie Chaimbault
EMG