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Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers serve a broad spectrum of industries, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving, and roofing products. As a significant player in the pine chemicals industry, Kraton's pine-based specialty products are utilized in adhesive, road and construction, and tire markets. Additionally, Kraton produces and sells a wide range of performance chemicals that cater to markets like fuel additives, oilfield chemicals, coatings, metalworking fluids, lubricants, inks, and mining.
With a diverse customer base spanning over 70 countries, Kraton continues to innovate and expand its product offerings. The company's recent achievements include the appointment of Marcello Boldrini as CEO, a move that is expected to drive further growth and innovation. Under Mr. Boldrini's leadership, Kraton aims to realize its 2030 vision of becoming a leading sustainable producer of specialty polymers and pine chemicals.
Kraton's commitment to sustainability and innovation positions it as a key player in solving complex industrial challenges. The company's products are essential in numerous applications, making it a crucial partner for industries worldwide. With strategic planning and effective execution, Kraton is well-prepared to unlock new opportunities and create value for its customers, employees, and communities.
Kraton Corporation announced a significant expansion of its styrene-butadiene-styrene (SBS) supply capabilities at its Belpre, Ohio facility, set to begin in 2024. The expansion will increase production capacity by 24 kilotons annually by 2025. CEO Holger Jung emphasized that this move responds to the growing demand for SBS in North America and enhances the company's supply chain reliability after navigating global challenges in 2022. Additionally, Kraton is exploring further manufacturing opportunities to strengthen its position in the region, highlighting its commitment to quality and customer satisfaction.
The global pine-derived chemicals market was valued at
Kraton Corporation has partnered with the National Asphalt Pavement Association (NAPA) on The Road Forward initiative, aiming for net zero carbon emissions in asphalt pavements by 2050. With over 40 years of experience in extending pavement life, Kraton emphasizes sustainability as a core business value. The company recently achieved an EcoVadis Platinum rating for the second consecutive year, placing it in the top 1% of 90,000 evaluated firms. This collaboration reflects Kraton's commitment to developing sustainable solutions within the asphalt industry.
Kraton Corporation (NYSE: KRA) announced a price increase of 330 USD/MT for all Kraton HSBC polymers effective July 1, 2022. This decision was made in response to significant increases in raw materials, energy, and logistics. The price adjustment will apply to all HSBC polymers and is subject to the terms of applicable contracts.
Kraton is a global leader in specialty polymers and performance products derived from renewable resources, with applications across multiple industries including adhesives, coatings, and automotive sectors.
Kraton Corporation, a leading producer of specialty polymers, has announced a significant investment in its Alpha Methyl Styrene (AMS) Resins facility in Niort, France. This investment is expected to boost production by 15% by 2023 and reduce solvent consumption by 70%, enhancing the product's life cycle by the end of 2022. Kraton's AMS Resins, particularly its SYLVATRAXX™ Tread Enhancement Additives, are in high demand due to increasing regulatory requirements and the rise of Electric Vehicles (EV), which necessitate improved tire performance.
Kraton Corporation has successfully completed its merger with DL Chemical, valued at approximately $2.5 billion, on March 15, 2022. The merger positions Kraton as a wholly owned subsidiary of DL Chemical, enhancing its global presence with DL Chemical's manufacturing capabilities in Asia. This strategic acquisition aims to bolster investments in sustainable innovation within the specialty chemicals sector. Leadership will be shared by Marcello Boldrini and Dr. Holger Jung as Co-CEOs, focusing on the future growth of Kraton's Chemical and Polymer segments.
Kraton Corporation (NYSE: KRA) partners with SABIC to produce ISCC PLUS Certified renewable Styrenic Block Copolymers at its Berre, France facility. The CirKular+ ReNew Series, featuring up to 70% renewable content, supports the circular economy, utilizing SABIC's renewable butadiene. This collaboration allows Kraton to reduce CO2 emissions by 4 kg per kg of butadiene produced compared to fossil alternatives, and lowers the carbon footprint of its products by up to 65%. The initiative reflects Kraton's commitment to the bioeconomy and sustainability in polymer production.
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