Kemin Europa N.V. has resisted as long as possible the necessity to increase prices for their nutricines for the agrifoods industry. However given the consistent and significant increase in raw materials, on the back of rocketing energy costs, they are now unable to absorb the increases any longer and hereby announce that they must increase the selling price of their products from the 1st of February 2006.
Price increases will be kept as low as possible, but can be up to 10% depending on the cost of the ingredients in each product. Many raw materials have recently seen dramatic increases. Packaging and transport has also been affected by the extreme oil prices.
Kemin will continue to maintain their highest standards and will continue to supply innovative and dependable nutricines that bring value to the agrifoods business.
Kemin Europa N.V. is the European Agrifoods division of Kemin Industries Inc., a privately owned company headquartered in Des Moines, Iowa (USA). Kemin is a producer of ingredients, which provide nutritional and health solutions.
Mentioned in this news release: