25 March, 2008 - Vertellus Specialties is announcing a global price increase for Vitamin B3 (Niacinamide and Niacin) for animal nutrition markets and human nutrition markets. This also includes all intermediates(3 Cyanopyridine) and raw materials (3 Methyl Pyridine) for this product chain as well.
Effective July 1st, 2008, the price will increase 15% to 18% for non-contract customers or as existing contracts allow. This price increase will support investment in capacity to support continued growth in the global market for Vitamin B3.
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 750 employees worldwide, and is headquartered in Indianapolis, Indiana.