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Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers serve a broad spectrum of industries, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving, and roofing products. As a significant player in the pine chemicals industry, Kraton's pine-based specialty products are utilized in adhesive, road and construction, and tire markets. Additionally, Kraton produces and sells a wide range of performance chemicals that cater to markets like fuel additives, oilfield chemicals, coatings, metalworking fluids, lubricants, inks, and mining.
With a diverse customer base spanning over 70 countries, Kraton continues to innovate and expand its product offerings. The company's recent achievements include the appointment of Marcello Boldrini as CEO, a move that is expected to drive further growth and innovation. Under Mr. Boldrini's leadership, Kraton aims to realize its 2030 vision of becoming a leading sustainable producer of specialty polymers and pine chemicals.
Kraton's commitment to sustainability and innovation positions it as a key player in solving complex industrial challenges. The company's products are essential in numerous applications, making it a crucial partner for industries worldwide. With strategic planning and effective execution, Kraton is well-prepared to unlock new opportunities and create value for its customers, employees, and communities.
Academy Sports and Outdoors (ASO) will replace Kraton (KRA) in the S&P SmallCap 600 index effective March 16, 2022. This change follows DL Chemical's acquisition of Kraton, which is expected to finalize on March 15. As a result, ASO will be added to the index while KRA will be removed. This shift highlights ASO's growing presence in the consumer discretionary sector.
Kraton Corporation (NYSE: KRA) announced a price increase of 440 USD/MT for all Kraton HSBC polymers, effective April 1, 2022. This decision comes in response to significant rises in raw materials, energy, and logistics costs, particularly due to the unprecedented increases in natural gas prices in Europe. Additionally, energy surcharges will be applied to polymers produced at the company's plant in Berre, France. Kraton specializes in producing specialty polymers and high-value performance products derived from renewable resources.
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.
Kraton Corporation (NYSE: KRA) has announced that its CirKular+ Performance Enhancement Series C2000 and C3000 are now approved for compatibility with the recycling of polypropylene (PP) containers in Europe, per RecyClass. This certification was achieved after testing these resins blended with PP and confirms their effectiveness in improving recyclability and strength of recycled materials. The CirKular+ series aims to boost post-consumer recycled content, enhancing circularity within the plastics industry.
Kraton Corporation (NYSE: KRA) has received the ISCC PLUS certification for its Berre, France facility, allowing it to produce renewable styrenic block copolymers (SBC). This certification ensures the traceability of recycled and renewable materials and verifies compliance with social and environmental standards. The new CirKular+ ReNew Series will contain up to 70% renewable content, aligning with sustainable practices. Initial production will commence in Europe with certified renewable butadiene.
Kraton Corporation's stockholders have approved the acquisition by DL Chemical Co, Ltd, with stockholders set to receive $46.50 cash per share. CEO Kevin M. Fogarty expressed confidence that this merger will enhance Kraton’s global reach and facilitate investment in its product offerings. Kraton, a leader in specialty polymers and bio-based products, operates across various sectors including adhesives and coatings, providing its innovative solutions to customers in over 70 countries.
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.
Kraton Corporation (NYSE: KRA) reported a Q3 2021 net income of $55.2 million, a significant recovery from a net loss of $402.6 million in Q3 2020, which included a $400 million goodwill impairment. Adjusted EBITDA rose 46.2% to $88.1 million, driven by strong demand in both Polymer and Chemical segments. Revenue surged to $526.9 million, outperforming $373.4 million in the previous year. Despite inflationary pressures on costs, Kraton reduced consolidated debt by $18 million during the quarter and maintains an optimistic EBITDA outlook of $280-$300 million for 2021.
Kraton Corporation (NYSE: KRA), a leader in sustainable specialty polymers, announced a €250/MT energy surcharge for all HSBC products produced in Europe, effective November 1, 2021. This decision is attributed to significant increases in the costs of Natural Gas, Electricity, and CO2 certificates, severely impacting production at their Berre, France plant. Kraton specializes in high-value bio-based products from pine wood pulping co-products, serving various industries including adhesives, automotive, and medical applications.
Kraton Corporation (NYSE: KRA) has partnered with Plastship to offer its CirKular+™ performance enhancement additives on the Plastship Additives Selector platform. This collaboration aims to enhance the recyclability and performance of post-consumer and post-industrial resins, supporting the European circular economy. With tightening regulations, the CirKular+ additives provide innovative solutions for recyclers and converters. Launched in 2020, CirKular+ aims to facilitate the use of recycled plastics through improved compatibilization and performance enhancement.
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