11/18/2009
KaMin Announces Change in 2010 Energy Surcharge Policy
FOR IMMEDIATE RELEASE Contact: Maureen Halstead
askus@kaminllc.com
MACON, GA. November 18, 2009 - KaMin LLC announces that it will revise its energy surcharge program, effective January 1, 2010, or as contracts allow. This surcharge applies to all slurry, spray-dried hydrous, and calcined kaolin grades sold to the paper industry globally.
“We are fortunate that natural gas prices have been unusually low in 2009, and the Energy Information Administration anticipates that high storage levels and resilient domestic production will keep prices around $5/MMBTU in the coming months,” said Tom Anderskow, Commercial Vice President. “However, our adjustment to lower volume levels during this recession has forced us to examine every element of our cost structure, and kaolin processing is energy intensive. We are therefore adjusting the threshold for our 2010 energy surcharge program from $8/MMBTU to $6/MMBTU. The incremental surcharges by product type will remain the same.”
2010 KaMin Energy Surcharge Policy
ABOUT KAMIN LLC
KaMin LLC is a manufacturer of high quality hydrous and calcined kaolin. With
more than 70 years of experience, KaMin’s high quality reserves and proprietary
processing technologies produce high quality kaolins for a variety of
applications.
KaMin mines and produces its kaolin exclusively in the US and sells its products to all
regions of the world. KaMin operates three kaolin plants – Macon, Sandersville
and Wrens – and has been recognized not only as a leader in product quality but
also in its safe mining practices for many consecutive years.