CRANBURY, N.J., Dec. 17 /PRNewswire-FirstCall/ -- Innophos Holdings, Inc. , the parent company of Innophos, Inc., today announced that Innophos will complete the first in a series of planned projects to debottleneck its Waterway (Chicago, IL) facility in the 1st half of 2008 to meet increased Sodium Hexametaphosphate (SHMP) demand in the US. When completed, this $1.5 million investment is expected to increase SHMP capacity by approximately 15 percent. The investment is part of the company’s previously announced capital investment plan, and the spending will occur in 2008. In addition to providing increased capacity, completion of the project will strengthen Innophos’ already significant commitment to Good Manufacturing Processes.
Tim Treinen, VP Performance Chemicals -- Innophos, stated, “The capital investment at our Waterway facility is necessary to meet increasing customer demand brought on by a new set of market dynamics in all SHMP market segments and demonstrates Innophos’ ongoing commitment to our SHMP business. The US Department of Commerce issued a preliminary anti-dumping duty in September on SHMP from China. This ruling has restored conditions of fair trade to the market and has resulted in a significant increase in demand for US produced SHMP.”
About Innophos Holdings, Inc.
Innophos Holdings, Inc., the parent company of Innophos, Inc. (www.innophos.com), is one of the leading North American manufacturers of specialty phosphates, serving a diverse range of customers across multiple applications, geographies and channels. Innophos offers a broad product line used in a wide variety of food and beverage, consumer products, pharmaceutical and industrial applications. Innophos’ market-leading positions derive from its experience and dedication to customer service and innovation. Headquartered in Cranbury, New Jersey, Innophos has manufacturing operations in Nashville, TN; Chicago Heights, IL; Chicago (Waterway), IL; Geismar, LA; Port Maitland, ON (Canada); and Coatzacoalcos, Veracruz and Mission Hills, Guanajuato (Mexico). ‘IPHS-G’
CONTACT: Maura Gedid, +1-646-452-2335, mgedid@breakstone-group.com, for
Innophos Holdings, Inc.
Web site: http://www.innophos.com/
