Price Increase Announcement for vitamin B3
30 July 2012—Vertellus is announcing a price increase for vitamin B3 (niacin and niacinamide)
Effective August 1, 2012, Vertellus will initiate a price increase of 8% for vitamin B3 for noncontract customers or as existing contracts allow. The price increase is in response to higher costs of raw materials, transportation, and energy.
Vertellus is a specialty chemicals company focused on the manufacture of ingredients used in pharmaceuticals, personal care, nutrition, and agriculture markets. Vertellus is the world’s largest producer of pyridine and picolines, specialty pyridine derivatives, DEET, castor oil derivatives and systems, and citrate polymer additives and systems, and the world’s second largest producer of Vitamin B-3. Vertellus benefits from a technically advanced global manufacturing base, has approximately 700 employees worldwide, and is headquartered in Indianapolis, Indiana.