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Kraton Corporation Announces Global Price Increase for all HSBC Products

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Kraton Corporation (NYSE: KRA) announced a price increase of $220 per metric ton ($0.10 per pound) for all HSBC products, effective January 15, 2021. This increase is subject to the terms of applicable contracts. Kraton is a leading global producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, serving diverse markets globally, including adhesives, coatings, and automotive sectors.

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  • Price increase of $220/MT is likely to enhance revenue.
  • Kraton is a leader in the pine chemicals industry.
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  • None.

HOUSTON, Jan. 5, 2021 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global sustainable producer of  specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces a general price increase of 220 USD/MT ($0.10 cents per pound) for all HSBC products.

Subject to the terms of any applicable contracts, this price increase will take effect January 15, 2021.

ABOUT KRATON
Kraton Corporation (NYSE "KRA") is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide. Kraton, the Kraton logo and design are all trademarks of Kraton Corporation or its subsidiaries or affiliates.

For Further Information:
H. Gene Shiels 281-504-4886

Kraton Corporation Logo (PRNewsFoto/)

 

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SOURCE Kraton Corporation

FAQ

What is the recent price increase announced by Kraton Corporation?

Kraton Corporation announced a price increase of $220 per metric ton for all HSBC products, effective January 15, 2021.

When will the price increase for Kraton's HSBC products take effect?

The price increase for Kraton's HSBC products will take effect on January 15, 2021.

What is the stock symbol for Kraton Corporation?

The stock symbol for Kraton Corporation is KRA.

What type of products does Kraton Corporation produce?

Kraton Corporation produces specialty polymers and high-value biobased products derived from renewable resources, including adhesives and coatings.

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1.50B
28.75M
3.28%
101.31%
7.63%
Specialty Chemicals
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