​KAMIN LLC ANNOUNCES PRICE INCREASE FOR PAPER AND PACKAGING GRADE HYDROUS KAOLIN CLAYS

MACON, Ga., Aug 2 (Bernama-GLOBE NEWSWIRE) -- KaMin LLC announced today that it will increase prices for hydrous kaolin clay products for the global paper and packaging industry 6-8% effective October 1, 2016, or as contracts allow.  “This price increase is necessary to ensure our long term sustainability,” stated Mark Gillespie, Vice President of Commercial.   “KaMin has invested heavily during the past four years, ensuring our long term commitment to the paper industry.  These increases are necessary to enable us to meet our commitment to create the greatest long term value for our paper customers through continued investments in plants, people, and technology.” KaMin LLC also announces that its 2016 energy surcharge policy, effective January 1, 2016 will remain unchanged.  The threshold of $5/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.  http://mrem.bernama.com/viewsm.php?idm=27258