Cathay Announces Price Increase for Diacids in Europe and N. America
May 26, 2008
Effective June 1, 2008, Cathay Industrial Biotech is increasing prices by 8% for its long chain diacids in North America and Europe.
The price increase is being driven by high and increasing raw material and energy costs.
Cathay Industrial Biotech is a leading industrial biotech company. It produces chemical products through bioprocess. Currently, Cathay is the world’s largest bio-based producer of long chain diacids and one of the earliest producer of bio-butanol. The Company is founded in 1997. Its headquarters is located in Shanghai, China with production facilities in Shandong and Jilin Provinces in China and serves customers in more than 33 countries. For further information, please visit http://www.cathaybiotech.com
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