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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.
Kraton Corporation (NYSE: KRA) announced a conference call scheduled for April 29, 2021, at 8:00 a.m. CT to discuss its Q1 2021 financial results. The earnings report will be released post-market on April 28, 2021. Investors can access the call live on Kraton's website under the 'Investor Relations' section or via telephone. A replay will be available until May 13, 2021. Kraton is a leader in producing specialty polymers and biobased products from renewable resources, with applications in various industries.
Kraton Corporation (NYSE: KRA) announced a global price increase of 330 USD/MT ($0.15 per pound) for all HSBC products, effective April 1, 2021. This rise is subject to existing contracts and obligations. Kraton specializes in sustainable specialty polymers and high-value bio-based products derived from pine wood co-products, serving diverse markets including adhesives, coatings, and personal care products. This price adjustment is aimed at continuing to provide high-quality products to its global customer base.
Kraton Corporation (NYSE: KRA) reported its financial results for Q4 and the full year 2020, highlighting a consolidated net loss of $21 million for Q4, an improvement from $22.1 million in Q4 2019. Adjusted EBITDA rose 11% to $54.4 million. The Polymer segment saw operating income of $27.2 million compared to a loss in the previous year, while the Chemical segment reported a profit of $6.9 million. Although 2020's full-year net loss was $221.7 million, debt was significantly reduced by $440.6 million. The company anticipates a core business growth of 5%-7% for 2021, despite challenges from COVID-19.
Kraton Corporation (NYSE: KRA) announces a 10% price increase across its entire Pine Chemicals and AMS portfolio, effective immediately. This decision comes following the company's role as a leading global producer of specialty polymers and bio-based products sourced from pine wood pulping by-products. The increase is subject to existing contracts and obligations.
Kraton serves a diverse customer base across 70 countries, with products utilized in various sectors including adhesives, coatings, and automotive applications.
Kraton Corporation (NYSE: KRA) has announced a conference call scheduled for February 25, 2021 at 8:00 a.m. Central time, to discuss its fourth quarter 2020 financial results. The results will be released after market close on February 24, 2021. Interested parties can listen online through the company's website or by telephone. A replay of the earnings call will be available until March 11, 2021. Kraton is a leading producer of specialty polymers and high-value biobased products, facilitating a diverse range of applications across multiple industries worldwide.
Kraton Corporation (NYSE: KRA) has announced the successful commercial application of its IMSS™ technology in the 2021 Buick GL6 model, marking the first use of this innovative material in automotive production. IMSS technology utilizes advanced thermoplastic elastomers, offering benefits over traditional PVC skins, such as lower odor, better safety performance, and reduced production costs. This breakthrough not only enhances the interior quality of vehicles but also aligns with industry sustainability goals. It is expected to lead to widespread adoption of IMSS technology in future car models.
Kraton Corporation (NYSE: KRA) announced a price increase of $220 per metric ton ($0.10 per pound) for all HSBC products, effective January 15, 2021. This increase is subject to the terms of applicable contracts. Kraton is a leading global producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, serving diverse markets globally, including adhesives, coatings, and automotive sectors.
Kraton Corporation (NYSE: KRA) announced the successful completion of a $400 million offering of 4.25% Senior Notes due in 2025. The proceeds will be utilized to redeem the existing 7.0% Senior Notes due in 2025 and cover associated fees. This refinancing is expected to save approximately $11 million annually in cash interest, enhancing the company's capital structure and financial flexibility. The redemption of the 7.0% Senior Notes is scheduled for January 6, 2021.
Kraton Corporation (NYSE: KRA) priced a private offering of $400.0 million in senior notes due 2025, with an interest rate of 4.250%. The offering, expected to close on December 21, 2020, aims to refinance existing 7.0% Senior Notes due 2025. A conditional notice for redemption of the older notes is set for January 6, 2021. The New Notes will be general unsecured obligations and will be offered to qualified institutional buyers under Rule 144A and Regulation S.
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