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Media
Room - News Release
CONTACT: Nick Weber
314-659-3379
nweber@solae.com
Solae Announces Global Price Increase for Soy Protein Ingredients
ST. LOUIS, Oct. 29, 2007 — Solae, LLC, today announced that
global prices for most of its soy protein ingredients will increase
by 12 to 24 percent, depending on the product line. The increase
takes effect November 1, subject to contracts.
Solae CEO and Chairman Craig Binetti said, “Market conditions
are putting pressure on much of the food chain. Fortunately, we’re
in a great position to help our customers through these challenges
by continuing to provide innovative, economical solutions.”
For several decades, Solae has invested in health benefits research
and new application and product technologies, helping customers
profitably grow their businesses. Solae is delivering on its promise
to advance global nutrition through food ingredient innovation by
enabling customers to offer affordable, great tasting and nutritious
food products to consumers around the world.
Recent Solae innovations, such as SoleCina™, SUPRO® 9000
and SUPRO® 9040, build on the company’s historic leadership
of offering food and nutrition companies more options to manage
costs caused by rapidly escalating agricultural and energy prices.
With animal protein prices at record levels, Solae’s customers
can count on its complete line of high-quality soy proteins and
technical expertise to provide what many ingredient companies cannot:
more economical protein solutions to offset rising costs.
“Food manufacturers around the world are struggling to deal
with rising costs, and many are finding it difficult to raise prices
to consumers,” Binetti said. “Solae’s unique ability
to replace animal proteins provides our customers with the opportunity
for significant savings in their product formulations.”
With offices, research facilities and manufacturing centers around
the world, Solae has the essential resources to help customers develop
and market healthy, innovative food and beverage products. Solae
has more than 30 years of experience in applying innovative technology
to unique processing situations.
About The Solae Company
The Solae Company is a food innovation and ingredient manufacturing
organization, providing meat, food and beverage manufacturers across
the world with Better Ingredients for Better Living™. Headquartered
in St. Louis, Missouri, USA, with annual revenue exceeding $1 billion,
the company was formed through an alliance between Bunge Limited
(NYSE: BG) and DuPont (NYSE: DD). For more information, visit www.solae.com.
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