La Grange, Ill., May 22, 2008 – Cognis announced the first price increase in over six years for its natural-source vitamin E and natural plant sterol products. The price increases are effective in June for its North American customers.
The new pricing applies to Covitol® natural-source vitamin E, Covi-ox® natural mixed tocopherols and Cognis’ industry-leading non-GM, IP-certified forms of these two product groups, as well as Vegapure® plant sterols and sterol esters.
“The rapid escalation in raw material costs plus the steady increase in energy, transportation and packaging costs have reached a point that we can no longer maintain current prices,” said Dave Eckert, Vice President North America, Cognis Nutrition & Health
For more information about these ingredients or to place an order, visit www.cognis.com, call 800.673.3702, e-mail [email protected], or fax 513.482.3576.
Cognis (www.cognis.com) is a worldwide supplier of innovative specialty chemicals and nutritional ingredients, with a particular focus on the areas of wellness and sustainability. The company employs about 7,600 people, and it operates production sites and service centers in 30 countries. Cognis has dedicated its activities to a high level of sustainability and delivers natural-source raw materials and ingredients for food, nutrition and healthcare markets, and the cosmetics, detergents and cleaners industries. Another main focus is on products for a number of other industries, such as coatings and inks, lubricants, as well as agriculture and mining. The subsidiary Pulcra Chemicals offers specialized chemical products and process expertise to customers in the fiber, textile, and leather industries. Cognis also holds a 50-percent stake in the joint venture Cognis Oleochemicals, one of the world’s leading manufacturers of oleochemicals.
Cognis is owned by private equity funds advised by Permira, GS Capital Partners, and SV Life Sciences. In 2007, Cognis recorded sales of about 3.52 billion euros and an Adjusted EBITDA (operating result) of 410 million euros.