Kraton Corporation Announces Global Price Increase For All HSBC Products

Rhea-AI Summary

Kraton Corporation (NYSE: KRA) announced a global price increase of 330 USD/MT ($0.15 per pound) for all HSBC products, effective April 1, 2021. This rise is subject to existing contracts and obligations. Kraton specializes in sustainable specialty polymers and high-value bio-based products derived from pine wood co-products, serving diverse markets including adhesives, coatings, and personal care products. This price adjustment is aimed at continuing to provide high-quality products to its global customer base.

Positive

• Price increase of 330 USD/MT may improve revenue.
• Continued focus on sustainable production supports long-term growth.

Negative

• Dependency on price increases may indicate potential instability in product demand.

HOUSTON, March 8, 2021 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, announces a general price increase of 330 USD/MT ($0.15 cents per pound) for all HSBC products. Subject to the terms of any applicable contracts and obligations this price increase will be effective April 1, 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

 

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SOURCE Kraton Corporation

FAQ

What is the effective date for Kraton's price increase?

The price increase will be effective on April 1, 2021.

How much is the price increase for KRA's HSBC products?

The price increase is 330 USD per metric ton, which equals $0.15 per pound.

What type of products does Kraton Corporation produce?

Kraton produces specialty polymers and high-value bio-based products from pine wood pulping co-products.

In which markets does Kraton operate?

Kraton products are used in adhesives, coatings, personal care, and various other markets.

What does KRA's price increase mean for investors?

The price increase may lead to higher revenue, but reliance on such increases could signal demand stability concerns.