Corbion raises prices for lactic acid and lactates

Corbion has announced a global price increase for lactic acid and lactates, effective immediately or as permitted by existing contracts. The increase reflects continued increases in key input and manufacturing costs, compounded by ongoing volatility in global supply chains.

The company continues to mitigate these pressures through productivity improvements, operational efficiencies and disciplined cost management. The price increase reflects the remaining impact of sustained cost increases.

"We recognize the impact price increases can have on our customers and have worked hard to mitigate rising costs across our operations," said Ruud Peerbooms, Chief Commercial Officer. "This increase enables us to maintain the reliability, quality, and service customers expect from Corbion. Our teams will work closely with customers on the implementation." The increase will vary by product, region, and contractual arrangements.

Corbion account managers will contact customers directly to discuss the implementation applicable to their business. The company remains committed to providing customers with reliable supply, consistent product quality, and strong technical and commercial support.

(Photo source: Corbion)