CRANBURY, N.J. — Innophos Holdings, Inc. (Nasdaq: IPHS), a leading North American specialty phosphates producer, today announced plans for the expansion of its Nashville, Tennessee facility for the production of its specialty leavening acid CAL-RISE®. This expansion, which is due to be completed by mid-year 2011, doubles the current capacity for this specialty product. The project also further reinforces Innophos' commitment to the Nashville Plant as one of its key manufacturing sites.
"Changes in marketing trends, specifically those resulting from sodium reduction throughout the food industry, have contributed to increased demand for Innophos' calcium based leavening products. CAL-RISE® is a unique leavening acid which allows manufacturers of baked goods to reach up to a 25% reduction in sodium levels and at the same time, add much needed calcium, in a cost effective manner," commented Joseph Golowski, VP – Specialty Phosphates Business.
This $4.5 million project reflects Innophos' commitment to growth and continued success in developing new products through research and development targeted at emerging market demands.
About Innophos Holdings, Inc.
Innophos is a leading North American producer of specialty phosphate products, offering
performance-critical ingredients with applications in food, beverage, pharmaceutical, oral care and industrial end markets. With over a century of experience, Innophos produces complex phosphates to the highest standards of quality and consistency demanded by customers worldwide, develops new and innovative phosphate-based products to address specific customer applications and supports these high-value products with industry-leading technical service. 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). For more information please see www.innophos.com. "IPHS-G"
Source: Innophos Holdings, Inc.
