Kraton Corporation Announces Global Price Increase For Pine Chemicals And AMS Products

Rhea-AI Summary

Kraton Corporation (NYSE: KRA) announces a 10% price increase across its entire Pine Chemicals and AMS portfolio, effective immediately. This decision comes following the company's role as a leading global producer of specialty polymers and bio-based products sourced from pine wood pulping by-products. The increase is subject to existing contracts and obligations.

Kraton serves a diverse customer base across 70 countries, with products utilized in various sectors including adhesives, coatings, and automotive applications.

Positive

• Company is the largest global provider in the pine chemicals industry, enhancing market position.
• Price increase may improve revenue and profitability for the Pine Chemicals and AMS segments.

Negative

• None.

HOUSTON, Feb. 17, 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 10% across its entire Pine Chemicals and AMS portfolio. Subject to the terms of any applicable contracts and obligations this price increase will be effective immediately.

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 recent price change did Kraton Corporation implement?

Kraton Corporation announced a 10% price increase across its Pine Chemicals and AMS portfolio.

When will the price increase by Kraton Corporation take effect?

The price increase will be effective immediately.

What is the market focus of Kraton Corporation?

Kraton Corporation focuses on specialty polymers and bio-based products derived from pine wood co-products.

In how many countries does Kraton Corporation operate?

Kraton Corporation sells its products in over 70 countries worldwide.