KRATON CORPORATION ANNOUNCES PRICE INCREASE FOR HSBC POLYMERS
Kraton Corporation (NYSE: KRA) announced a price increase of 330 USD/MT for all Kraton HSBC polymers effective July 1, 2022. This decision was made in response to significant increases in raw materials, energy, and logistics. The price adjustment will apply to all HSBC polymers and is subject to the terms of applicable contracts.
Kraton is a global leader in specialty polymers and performance products derived from renewable resources, with applications across multiple industries including adhesives, coatings, and automotive sectors.
- Price increase of 330 USD/MT may enhance revenue and offset rising costs
- Strengthens market position in the specialty polymers sector
- Potential customer pushback due to increased costs
- Rising raw material prices may continue to pressure profit margins
HOUSTON, June 15, 2022 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global producer of styrenic block copolymers, specialty polymers, and high-value performance products derived from pine wood pulping co-products, announces a general price increase of 330 USD/MT for all Kraton HSBC polymers.
Given the unprecedented increases in raw materials, energy, and logistics, this price increase will be applied to all HSBC polymers.
Subject to the terms of any applicable contracts, and surcharges will take effect July 1, 2022.
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:
Kristen Boyd, 346-280-7572
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SOURCE Kraton Corporation
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