KRATON CORPORATION ANNOUNCES PRICE INCREASE FOR CTO REFINERY PRODUCTS AND DERIVATIVES

Rhea-AI Summary

Kraton Corporation (NYSE: KRA) announced a price increase of up to 15% for its CTO Refinery products and derivatives, effective April 1, 2022. This decision reflects the company's strategy to maintain profitability in a competitive market. Kraton is a leading producer of sustainable specialty polymers derived from renewable resources, serving various industries such as adhesives, coatings, and automotive. The company is recognized as the largest global provider in the pine chemicals industry, with products sold in over 70 countries.

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• Price increase of up to 15% expected to enhance revenue.
• Kraton is a leading provider in the pine chemicals industry.

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• None.

HOUSTON, Feb. 23, 2022 /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 up to 15% across its CTO Refinery products and derivatives. This increase will be effective April 1, 2022, and/or be subject to the terms of any applicable contracts and obligations.  

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 recent price change for Kraton Corporation's products?

Kraton Corporation announced a price increase of up to 15% for its CTO Refinery products and derivatives, effective April 1, 2022.

When will Kraton's price increase take effect?

The price increase will be effective from April 1, 2022.

What company does the stock symbol 'KRA' represent?

The stock symbol 'KRA' represents Kraton Corporation.

What markets does Kraton Corporation serve?

Kraton Corporation serves various markets including adhesives, coatings, automotive, and personal care products.