DuPont Nutrition & Health(DuPont) announces a global price increase for its GRINDSTED® brand locust bean gum (LBG), part of the DuPont™ Danisco® portfolio, effective Nov. 1, 2017, or when contracts allow.
LBG is a seed extract from carob. Carob kernels are harvested in the Mediterranean area during the end of summer. Volume harvested this year is limited and availability of this necessary raw material has resulted in significant increases in the overall cost for DuPont to produce LBG. As a result, DuPont will implement a price increase for LBG, up to 30 percent. In addition, DuPont is limiting the term of LBG price validity to maintain flexibility in response to market conditions.
“DuPont is increasing its LBG price to respond to dynamic market conditions. This price increase will enable DuPont to continue servicing our customers with high-quality LBG. It also will enable a continued focus on quality, safety and productivity to offer the most competitive solutions to the global food industry,” said Jean-Baptiste Dufeu, DuPont Nutrition & Health, LBG business manager.
About DuPont Nutrition & Health
DuPont Nutrition & Health, a business unit of DowDuPont Specialty Products Division, is a leading provider of hydrocolloids, offering the widest range of highly functional products under the GRINDSTED® brand, including alginate, carrageenan, cellulose gum (CMC), guar gum, locust bean gum (LBG), microcrystalline cellulose (MCC), pectin and xanthan gum. Under the broad portfolio of the DuPont™ Danisco® ingredient solutions, DuPont can offer a range of customized solutions for hydrocolloids, emulsifiers and enzymes, among others, to the global food industry.
DuPont Nutrition & Health combines in-depth knowledge of food and nutrition with current research and expert science to deliver unmatched value to the food, beverage and dietary supplement industries. We are innovative solvers, drawing on deep consumer insights and a broad product portfolio to help our customers turn challenges into high-value business opportunities. More information is available at www.food.dupont.com.
About DowDuPont Specialty Products Division
DowDuPont Specialty Products, a division of DowDuPont (NYSE: DWDP), is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, building and construction, health and wellness, food and worker safety. DowDuPont intends to separate the Specialty Products division into an independent, publicly traded company. More information can be found www.dow-dupont.com.