Compass Minerals’ Subsidiaries Announce Liquid Magnesium Chloride Price Increaseadmin
North American Salt Company and Sifto Canada Corp., both subsidiaries of Compass Minerals, have announced an average $4.50 per-ton price increase on liquid magnesium chloride-based products effective with all North American shipments on November 3, 2008, or as contracts allow. This 6 percent to 10 percent average price increase is being implemented to support investments needed to meet growing demand. The new list prices at the company’s Ogden, Utah, solar evaporation plant will be as follows: – Liquid DustGard: $49.50 per short ton – Liquid FreezGard: $61.50 per short ton – Liquid FreezGard CI Plus: $74.50 per short ton
– Chlorimag liquid fertilizer: $71.50 per short ton
Based in the Kansas City metropolitan area, Compass Minerals is a leading producer of minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. The company provides highway deicing salt to customers in North America and the United Kingdom and specialty fertilizer to growers worldwide. Compass Minerals also produces consumer deicing and water conditioning products, ingredients used in consumer and commercial foods, and other mineral-based products for consumer, agricultural and industrial applications. Compass Minerals also provides records management services to businesses throughout the U.K.