Ashland raising prices of products for food, personal care and pharmaceutical industries

23-Nov-2010 - USA

Ashland Aqualon Functional Ingredients, a commercial unit of Ashland Inc., is increasing the global price of its product lines serving the food, personal care and pharmaceutical industries by 12 percent effective Dec. 1, or as contracts allow. The product lines included in this announcement comprise carboxymethylcellulose, ethylcellulose, hydroxyethylcellulose, hydroxypropylcellulose and methylcellulose and its derivatives.

This price increase is necessary to offset the recent unprecedented cost increases of key raw materials and costs to comply with increasing regulatory requirements. Responding to changing market conditions allows Ashland to continue to invest in new capacity and product innovations to support customer growth.

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