MACON, Ga., Nov. 19, 2012 (GLOBE NEWSWIRE) -- KaMin LLC announced today that it will increase prices for kaolin clay products for the global paper industry 4-6% effective January 1, 2013, or as contracts allow. "This price increase is necessary in order to recover cost increases we have experienced in transportation as well as manufacturing, where we have seen escalation in mining, packaging and chemicals," stated Warren McPhillips, Vice President of Commercial. KaMin continues to work diligently on productivity projects and to manage our cost base to offset these inflationary pressures. However, these increases are necessary to recover these additional costs, and to enable us to meet our commitment to create the greatest long term value for our paper customers through continued investments in people and technology.
KaMin LLC also announces that its 2013 energy surcharge policy, effective January 1, 2013 will remain unchanged from the KaMin 2012 energy surcharge policy. The threshold of $6/MMBTU and incremental surcharges by product type will remain the same. This policy applies to all slurry, spray-dried hydrous and calcined kaolin grades sold to the paper industry globally.
KaMin LLC is a manufacturer of high quality hydrous and calcined kaolin. With more than 70 years of experience, KaMin's reserves and proprietary processing technologies produce high quality kaolins for a variety of applications.
KaMin mines and produces its kaolin exclusively in the US and sells its products to all regions of the world. KaMin operates three kaolin plants – Macon, Sandersville and Wrens – and has been recognized not only as a leader in product quality but also in its safe mining practices for many consecutive years.
The KaMin LLC logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12144
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