Kraton Corporation Announces Price Increase For CTO Refinery Products And Derivatives
Kraton Corporation (NYSE: KRA) announced a general price increase of 15 to 20% for its CTO Refinery products and derivatives, effective January 1, 2022. This decision reflects the company's commitment to maintaining market stability and will be subject to existing contracts and obligations. As a leading global producer in the specialty polymers sector, Kraton provides high-value bio-based products derived from renewable resources, serving diverse markets including adhesives, coatings, and automotive applications.
- Increased prices for CTO Refinery products may enhance revenue and profit margins.
- Kraton maintains its position as a leader in sustainable products, appealing to eco-conscious customers.
- Price increases may lead to reduced demand from price-sensitive customers.
- Implementation of price hikes can face contractual or market resistance.
HOUSTON, Nov. 16, 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 15 to
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
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