Daikin Industries Stock Surges 14% After Elliott Investment Management Discloses Major Stake 
NiSource Signs Long-Term Energy Deals with Alphabet and Amazon to Power Indiana Data Centers 
KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring 
Qantas Raises Fuel Cost Forecast Amid Middle East Oil Crisis 
CATL Stock Hits Record High After Q1 2025 Earnings Surge 
Federal Agencies Secretly Test Anthropic's AI Despite Trump Administration Ban 
Elliott Investment Takes ~3% Stake in Daikin, Pushes for Buybacks and Strategic Overhaul 
ASML Raises 2026 Revenue Outlook as AI Chip Demand Surges 
Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million 
Goldman Sachs FICC Revenue Falls 10% Amid Iran War Market Volatility 
Anthropic Nears $800 Billion Valuation as Investor Confidence Surges 
Iran War Drives Asia's Plastic Crisis — and a Green Packaging Boom 
SK Hynix Shares Hit Record High Amid AI Memory Demand Surge 
Elon Musk's Terafab Foundry Courts Top Chipmaking Giants for AI Self-Sufficiency Push 
Federal Judge Dismisses DOJ Lawsuit Attempting to Block Hawaii's Climate Case Against Oil Giants 
Amazon in Advanced Talks to Acquire Globalstar in Starlink Rivalry Move 
DEEPX Partners with Hyundai to Power Next-Gen AI Robots Ahead of IPO 
ATLANTA, May 31, 2017 -- CP Kelco currently produces carrageenan products at manufacturing plants in Lille Skensved, Denmark, and Sibonga, Cebu, Philippines. Based on CP Kelco’s strategy and business objectives, a decision has been made to seek a strategic buyer for the Cebu site.
CP Kelco is not exiting the carrageenan business. Utilizing our deep applications expertise and technology, the company remains committed to providing the global market with high-quality carrageenan products, now and in the future.
About CP Kelco
Headquartered in Atlanta, Georgia, USA, and part of J.M. Huber Corporation, CP Kelco is a leading producer of specialty hydrocolloids with offices and facilities across the globe. Featuring an extensive range of hydrocolloid solutions and serving over 100 countries, CP Kelco leverages its capabilities to bring concepts and ideas to real-world products in a broad range of applications. The company’s specialty ingredients touch a wide variety of consumer and household products and industrial applications, tailored to meet the needs of regional consumers. Key product lines are Gellan Gum, Pectin, Xanthan Gum, Cellulose Gum, Carrageenan, Diutan Gum and Microparticulated Whey Protein Concentrate, as well as other unique biopolymers. Visit www.cpkelco.com for more information.
CONTACT: Michele Cacdac-Jones Director, Global Communications Office: +1 678 247 7149 Mobile: +1 770 743 0564 [email protected]
