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CADAM SA Announces Price Increase for Paper Grade Kaolin Clays

Tuesday, November 20, 2012 12:46 PM


MACON, Ga., Nov. 20, 2012 (GLOBE NEWSWIRE) -- CADAM SA announced today that it will increase prices for kaolin clay products for the global paper industry 4-6% effective January 1, 2013, or as contracts allow. "Despite all efforts to minimize the increases in logistics, chemicals, fuel and energy it is no longer possible to absorb the escalation of costs," stated Ernest Gay, General Manager.  CADAM continues to work diligently on productivity projects and to manage our cost base to offset these inflationary pressures. However, these increases are necessary to recover these additional costs, and to enable us to meet our commitment to create the greatest long term value for our paper customers through continued investments in people and technology.

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CADAM also advised that their existing energy surcharge policy will remain in effect.

About CADAM SA
 
CADAM S.A. is a leading producer of fine particle kaolin with operations located in the Amazon region of Brazil. CADAM also has offices and warehouses in Antwerp, Belgium.   KaMin LLC purchased a majority ownership position in CADAM in May 2012.

The CADAM SA logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12753

CONTACT: Ernest Gay
         55 91 9180 1297

KaMin LLC Logo

(Source: PrimeZone )
(Source: Quotemedia)

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