Kraton Corporation Announces Price Increase For HSBC Products

Rhea-AI Summary

Kraton Corporation (NYSE: KRA) announced a price increase of $440 USD per metric ton ($0.20 per pound) for all HSBC products, effective from September 1, 2021. This decision results from rising raw material costs, energy prices, and logistics expenses. The company is a prominent global producer of specialty polymers and bio-based products derived from pine wood co-products, serving diverse applications across various industries worldwide.

Positive

• Price increase may help offset rising costs and enhance profit margins.

Negative

• Price increase may lead to decreased demand from price-sensitive customers.
• Rising raw material and energy costs could continue to challenge profitability.

HOUSTON, Aug. 2, 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 440 USD/MT ($0.20 cents per pound) for all HSBC products. This action is driven by the recent raw material cost increases and increases in energy prices and logistics costs.

This increase will be effective September 1st, 2021, and/or 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 Kraton Corporation's recent price increase for HSBC products?

Kraton Corporation announced a price increase of $440 USD per metric ton, effective September 1, 2021.

Why is Kraton raising prices on its HSBC products?

The price increase is driven by rising raw material costs, energy prices, and logistics expenses.

When will the price increase for Kraton's HSBC products take effect?

The price increase will take effect on September 1, 2021.

What impact could the price increase have on Kraton Corporation's business?

The price increase may help improve profit margins but could also reduce demand from price-sensitive customers.